The extravagant payment of R330 million per year to Naspers former boss Bob van Dijk raises both moral and financial questions as employees face job losses.
This was the reaction of Dirk Hermann, CEO of the union, Solidarity, after Bussinesstech revealed Van Dijk earned almost R1 million a day in the last financial year amid the bombshell announcement that a proposed restructuring of the company could lead to the loss of at least 400 jobs.
With only a small print media portfolio remaining, Media24 also decided to divest its media logistics business, On the Dot.
While the print editions of Beeld, Rapport, City Press, Daily Sun and Soccer Laduma will be closed, the digital (PDF) editions of Volksblad and Die Burger OosKaap, and the digital hub SNL24 will also be shut down, Media24 CEO Ishmet Davidson said.
This story is from the June 26, 2024 edition of The Citizen.
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This story is from the June 26, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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