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Summary:
I cover growing turmoil in South Africa’s media industry, with eNCA and Media24 considering major job cuts as audiences, advertising revenue and income decline. Meanwhile, a union is seeking to liquidate Independent Media’s majority shareholder over a 2013 loan that has reportedly grown from R150 million to roughly R300 million.
I also look at the NPA’s decision to prosecute Julius Malema over public accusations he made against a former school principal. Finally, the pharmaceutical industry is warning of record shortages of essential medicines, blaming government-capped price increases and sharply rising production costs.
Chapters:
00:00 Intro and Support
00:30 ENCA Retrenchments
04:41 Media24 Paywall Fallout
06:47 Independent Media Debt
09:41 Malema Prosecuted Again
12:38 Medicine Shortage Warning
15:19 Wrap Up
