Trevor Ncube in media war in SA

JOHANNESBURG - A nasty spat has arisen between the Mail & Guardian (M&G) and Iqbal Survé, the chairperson of Sekunjalo Independent Media Consortium, which recently bought Independent News & Media South Africa for R2 billion.

The Mail & Guardian was apparently incensed after Survé refused to sell to its chairperson, Trevor Ncube, and his funders, three flagship titles in the group.

They had proposed that Survé sell to them the Pretoria News, The Mercury and the Cape Times.

This past Friday, the newspaper vented its anger at the rejection of Ncube’s offer by running articles saying that Survé allegedly implied in a telephone interview that the Mail & Guardian was funded by the US Central Intelligence Agency.

Ncube has denied this.

Another article said the 20 percent stake in the consortium bought by two Chinese companies and the make-up of the rest of Survé’s consortium had raised questions about media independence.

Ncube started courting Survé just before the transaction between Sekunjalo and the Dublin-based Independent News & Media, the immediate former owners of Independent Newspapers, was to be considered by the Competition Commission.

Implied in Ncube’s offer was a veiled threat that if Survé did not consider selling the three titles the competition authorities might block the Sekunjalo-led consortium’s acquisition of Independent Newspapers.
Detractors of Survé hoped the transaction would not be authorised by the regulator.

In the hope of broadening the scope of their business, Ncube and Hoosain Karjieker, the chief executive of the Mail & Guardian, made an unsolicited bid to Survé in an undated letter, which was forwarded to him on May 16.

Initially, the two had made a verbal offer to Survé for the three titles but he insisted that they must put the offer in writing, according to people familiar with the matter.

In the letter, a copy of which is in the possession of Business Report, the two express their ambition to extend the scope of their media business from the current weekly publication of the Mail & Guardian to include various additional titles.

But the letter makes no mention of how much Ncube and his funders were offering for the three flagship titles.

Independent Newspapers is the biggest English-language newspaper publisher in the country, with 18 titles, among the Business Report and IOL.

Ncube and Karjieker said they enjoyed the support of potential funding partners, particularly the New York-based Media Development Investment Fund (MDIF). Among MDIF’s leading funders is the controversial billionaire businessman, George Soros.

Ncube says MDIF owns 10 percent of the Mail & Guardian and 39 percent of his Alpha Media Holdings (AMH), which controls his four Zimbabwean newspapers.

The MDIF says on its website that it is a mission-driven investment fund for independent news outlets in countries without a free press.

Asked why the MDIF was investing in the Mail & Guardian, which operated in a country with a free press, Karjieker said: “This is clearly one of a number of factors they take into consideration when making investment decisions of this nature.”

Ncube said the MDIF provided an interest bearing finance facility to AMH. “There are fixed terms and conditions applicable to the loan finance.”

AMH made monthly repayments to service the loan funding, he said.

Survé said on Friday: “These guys are being vindictive because I said no to them. The fact that I said they must put the offer in writing did not mean we would sell to them.”

Subsequent to the rejection of the offer, Nic Dawes, who was the editor of the Mail & Guardian until the middle of the month, led a campaign under the banner of the South African National Editors Forum (Sanef) to have the commission extend its scrutiny of the Sekunjalo bid for Independent Newspapers because of a lack of information about funding, the identity of Survé’s consortium and its shareholders and concerns about independence.

A petition circulated by Sanef, which at the time was chaired by Dawes, also said “the company has a monopoly in the English-language newspaper markets of Cape Town and Durban, as well as arguably Pretoria and Kimberley” and because of that “serious scrutiny of its plans” was required.

But when the campaign raised the ire of outside observers and staff members of Independent Newspapers, who were not contacted about the matter, Dawes decided to back off, saying in a June 4 statement that “while we will not be pursuing formal engagement with the Competition Commission, we look forward to further discussion with Dr Survé and other stakeholders on these matters”.

The latest revelations will serve to underscore concerns that Survé has raised in recent months.

He has consistently claimed that there was something sinister about the criticism and the scrutiny that competitor newspaper groups directed toward his purchase of Independent Newspapers.

 

 

Comments (7)

Trevor is really enjoying these "easy" donor funds. The riddle for many Zimbabweans is how he manages to play both Zanu PF and the hated West. Remember, he was the only so-called independent publisher who was not shut down by Mugabe a decade ao.

Mntungwa - 27 August 2013

Nhai hanzvadzi Mntungwa, what qualifies Baba Ncube to be described as an "independent" publisher? All I seem to remember is that he is a close friend/ally of one Jonathan Moyo. Yes, the same Jonathan who shut down other private papers such as the Daily News.

Mercy - 27 August 2013

Eish!! Kunzima!!

Magagula - 27 August 2013

There is absolutely no difference between this Trevor Ncube guy and Welschman Ncube. Same surname, same traits – charlatans!

Jonso Musorodamba - 27 August 2013

Ncube and Johnathan Moyo are close friends..? I dont think so..its almost like saying the Lion and the Zebra are best of chums. It might sound far fetched I do not for a moment believe Johnathan Moyo has anyone who can be described as a friend, he is too far deep into himself to have time for anybody else. No I dont think so the professor loves himself far too much to have room for anyone and anything else.

gutter poet - 27 August 2013

Mr Gutter Poet, I'm very reliably told that the very same said Jonathan Nathaniel Moyo was Trevor Ncube's best man at Ncube's last wedding. Surely that would make them top chums?

Mercy - 27 August 2013

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