IT group AYO has revealed the details of its confidential settlement with the Public Investment Corporation, saying it will repurchase R619 million in shares from the Government Employees Pension Fund and grant it two seats on its board.
It's fast and easy to spread rubbish compared to what all of us journalists in this struggling industry are compelled to do by our self-imposed Press Code of Ethics. We have to check every fact, every quote, respect constitutional rights, and if we are wrong, we must publicly correct our mistak.
South Africans urgently need answers on why the Public Investment Corporation's R4.3-billion court case against AYO was allegedly settled for just R600 million, says economist Iraj Abedian.
Just days after staff were told that their salaries for March would be cut, Independent Media has backtracked and promised to pay journalists their full salaries before the end of the month.