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.
Diese Geschichte stammt aus der June 26, 2024-Ausgabe von The Citizen.
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Diese Geschichte stammt aus der June 26, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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'GUT WRENCHING' LOSS
The T20 skipper believes the current group has proved they can win major trophies.
Zverev thinks he can go deep
Alexander Zverev (above) placed himself amongst the serious contenders for the Wimbledon title on Saturday, insisting that this year's showpiece \"is the most open in 20 years\".
Novak mounts a one-man battle
Novak Djokovic is poised to mount a one-man battle to preserve the legacy of Wimbledon's golden generation in the face of an increasingly successful new wave spearheaded by Carlos Alcaraz and Jannik Sinner.
A very fitting farewell
Indian cricket yesterday savoured World Cup victory while also coming to terms with the T20 retirements of modern-day greats, Rohit Sharma and Virat Kohli.
Smith form earns England call-up
England left out Jonny Bairstow from a 14-man squad announced yesterday for the first two Tests of next month's threematch series against the West Indies, with wicketkeeping duties set to be taken over by the uncapped Jamie Smith (right).
England's great escape
England escaped an embarrassing last 16 exit at Euro 2024 thanks to Jude Bellingham's overhead kick before Harry Kane struck in extra-time for a 2-1 win over Slovakia yesterday.
Clouds still remain for German hosts
Germany are through to the quarterfinals of a major tournament for the first time in eight years, but clouds remain for Julian Nagelsmann's Euro 2024 hosts.
Big-hitters are ready to collide
Belgium have a chance for revenge today when they face neighbours France in the last-16 of Euro 2024, a showdown between two big-hitters who have played well below expectations so far.
Russell handed the perfect gift
George Russell claimed a dramatic victory for Mercedes yesterday after a sensational late collision between series leader Max Verstappen of Red Bull and his nearest rival Lando Norris of McLaren in the closing laps of an action-packed Austrian Grand Prix.
The economy sours in China
Logistics hubs that were built in anticipation of a long-lasting boom are losing tenants.
