Sekunjalo Group says it is considering “all avenues” to recover its R4 billion investment in Independent Media after what it describes as a lack of support from co-shareholders. According to the report, the group is weighing both legal and commercial options, including liquidation, as possible routes to pursue recovery. The company’s approach indicates it is assessing different strategies rather than committing to a single outcome. The announcement follows concerns over the level of backing from other shareholders and the impact this has on efforts to stabilise or sustain Independent Media. While the specific steps, timelines, and decision criteria are not detailed in the provided account, the statement frames the exploration of options as part of a broader recovery process. The report characterizes the review as ongoing and suggests multiple potential pathways remain under consideration, depending on the feasibility of each option and the legal context.
Sekunjalo Group weighs legal options to recover R4bn investment in Independent Media
Sekunjalo Group says it is considering “all avenues” to recover its R4 billion investment in Independent Media after what it describes as a lack of support from co-shareholders. According to the repor...
- Sekunjalo Group is considering legal and commercial options to recover its investment in Independent Media.
- The investment is reported to be R4 billion.
- Sekunjalo cites a lack of support from co-shareholders as a factor behind the decision to review options.
- Liquidation is mentioned as one of the options being explored.
- The group says it is looking at “all avenues,” implying multiple potential pathways remain under consideration.
Sekunjalo Group is weighing all legal and commercial options, including liquidation, to recover its R4 billion investment in Independent Media, following a lack of support from co-shareholders.
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