Published 23 November 2016 at 11:29am by Helen Herimbi, Independent Online

When a human being turns 18 years old, it is seen as a coming of age.

They usually finish their formative school years at that age. They join the struggle that we all now know as adulting. They are even finally able to legally imbibe. When the Cape Town International Jazz Festival (CTIJF) turns 18 next year, the world-renowned fest will have grown in leaps in bounds. Probably at a speed more impressive than a human being.

One of the ways in which that is evident is in the way the festival disregards trends and follows the heart of the music through its line-ups. Billy Domingo, who is the CTIJF’s director, said: “We are undergoing a musical renaissance, when different musical genres and performers are collaborating to create new sounds for new audiences who may come from different walks of life, but who all appreciate what music has to offer.

“The Cape Town International Jazz Festival has led the live musical journey on the African continent for the past 17 years, and now in our 18th, we are continuing to showcase new talent, new sounds, while staging them alongside music masters.

“I couldn’t be happier with this line-up as it’s a reflection of where we have come from, where we are now and where we are going.”

The much-anticipated announcement of the first batch of acts that will grace the various stages at CTIJF took place yesterday in Sandton.

 

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Published 17 Novmeber 2016 at 07:05am by Dineo Faku, Independent Online

JSE-listed African Equity Empowerment Investments (AEEI) was preparing to list its Premier Food and Fishing division on the JSE main board by the first quarter of next year, the company said yesterday.

AEEI chief executive Khalid Abdulla said yesterday: “The division has shown consistent organic growth over the past five years, through achieving annual growth of more than 20 percent year on year. The time for acquisitions has come.”

Premier Food and Fishing will be competing against the sole JSE-listed fishing firm, Oceana – which is valued at R15.57 billion – under the JSE’s food producers index, which includes company peers such as Tiger Brands, as well as Sovereign Food.

Abdulla said the listing signalled an exciting phase for Premier Food and Fishing, which specialises in the harvesting, processing and marketing of fish and fish-related products, from rock lobster to general food products.

“We are excited… to show that we are building stakeholder value, which includes community building,” he said.

AEEI, formerly known as Sekunjalo Investment, is a black-owned investment holding company, whose main objective is to empower previously disadvantaged individuals through creating jobs and maximising shareholder wealth generation by making strategic investments.

Yesterday, AEEI kicked off a market sounding roadshow, which is due to end today.

“AEEI is optimistic about the outcome of the market-sounding roadshow and will be sharing pertinent details of the next phase with the market at the appropriate time,” Abdulla said.

 

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Published, 31 October 2016 by Staff Reporter, Independent Online at 08:14am

South Africa’s largest black-owned media company, Independent Media, on Monday announced significant changes to its senior editorial structure.

The appointments include the announcement of three regional executive editors and changes at 11 of the group’s titles, including six new editor appointments.

Adrian Ephraim, most recently Independent Online (IOL) managing editor, is the Group Digital Content Editor as well as the editor of African Independent for print and online. Ephraim’s successor at IOL will be announced soon.

“Africa is not a strategy,” said Ephraim. “We are all a collection of experiences, cultures and points of view. The continent is not so much a melting pot as it is a fusion of all of us. We have been telling our own stories for a while now and it’s our duty as the media to let people speak for themselves through the use of technology and solid journalism.

“The trajectory of mobile technologies also demands that we respond accordingly and aggressively in this space. I look forward to breaking new ground at Independent Media as we venture beyond our borders,” he said.

Independent Media’s executive chairman, Dr Iqbal Survé said: “Mobile publishing is a key focus for Independent Media in Africa and Ephraim will bring his experience and skills as managing editor of IOL and online news editor of Mail & Guardian previously, to grow audience, social media engagement and revenue in a broader market.

 

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Published, 26 October 2016 by Nwabisa Masiza, Independent Online at 09:46am

From Russia with love comes the Andrei Stenin International Press Photo Contest, on exhibition at the Eclectica Gallery in Cape Town, a venture between Russia’s state news agency Rossiya Segodnya and Independent Media.

The contest is named in honour of Stenin, a Rossiya Segodnya photographer who was killed during the 2014 war in Ukraine.

The exhibition and competition also cemented the partnership between Independent Media and Rossiya Segodnya.

“Independent is delighted to be the leading South African media partner for this exhibition of the winning entries,” said Dr Iqbal Survé, executive chairman of Independent Media.

“It is an opportunity to not only honour Andrei Stenin and photojournalists around the world, but to acknowledge photojournalism as an art and craft in documenting the human story.”

Rossiya Segodnya expressed interest in showcasing a selection of the 6 000 entries from 71 countries worldwide in South Africa, and Independent Media welcomed the opportunity to host the event.

The exhibition is Russia’s only platform to discover new photojournalists and develop high standards for documentary photography in Russia and the world.

Alexander Shtol, director of Rossiya Segodnya’s Photo Information Directorate, said: “ We are very pleased the number of participating countries has surpassed our wildest expectations.

“This can be partly explained by the respect shown for the memory of Andrei Stenin and because the photo industry is in constant development due to the rapid breakthrough of young talent.”

 

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Published, 21 October 2016 by Adri Senekal, Business Report at 10:03am

Daniel Matjila, the chief executive of the Public Investment Corporation (PIC), winner of the African Institutional Investment Personality of the year Award in New York last month, questions the objectives of some journalists and politicians regarding the PIC’s investments in unlisted South African firms.

“These attempts aim to undermine the professional decisions of the PIC and our management teams,” he says.

The PIC has a triple bottom line mandate which is growing the value of investments, transforming the South African economy and investing in sustainable green projects.

The PIC tabled details of its unlisted investment portfolio of R47 billion in Parliament this week, and strangely the only investment that was highlighted was the PIC’s investment in Independent Media.

The media landscape is regarded as highly influential, and cannot be divorced from the overall turbulence that the country is facing. The PIC invested substantially in media companies over the years and Independent Media is just but one of the investments.

Multiple investments

Matjila points out that the Independent Media investment is aligned to the PIC’s objectives of transforming the ownership of media houses from foreign to black-owned.

He finds it bizarre, but not surprising, that competing media companies are criticising the PIC’s investment in Independent Media while it is known that the PIC supported transformation of Times Media.

“The PIC’s investments are done with detailed due diligence processes and a clear understanding of the sectors we chose to invest in. Our media investments are no different,” he argues.

 

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Published by Independent Media, 10 October 2016 at 11pm

Sekunjalo Investment Holding’s public subsidiary, African Equity Empowerment Investments (AEEI) Ltd is South Africa’s Most Empowered Company of the Year for 2016 according to the 2013 Code of Good Practice while Vodacom SA is the Most Empowered Company according to the 2007 Code of Good Practice.

Research for the annual survey for South Africa’s Top 100 Most Empowered JSE-listed companies was conducted by empowerment ratings agency Empowerdex. The results, released in partnership with Independent Media’s business publication Business Report, and specialist research and media house Intellidex, were announced at a special function in Johannesburg.

This year’s Most Empowered Companies rankings differ from previous years because many companies have converted to the revised 2013 Codes of Good Practice while others are still operating under the 2007 codes. That is mainly because their industries are yet to establish their own, industry-specific transformation codes or charters, but expect to do so by year-end. According to Empowerdex, there are two sets of rankings this year, one for each group. Except for venture capital and development board companies, the participants in this year’s survey are all the companies listed on the JSE, including AltX.

This is the first year that AEEI qualifies to be in the main rankings of the Most Empowered Companies survey because it was previously classified as a qualifying small enterprise (now termed exempt micro-enterprises). AEEI’s total BEE score of 102.47 points puts it ahead of Oceana Group Ltd (last year’s winner), which scored 97.82 points.

 

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Published by Independent Online, 07 October 2016 at 08:45am

Empowerdex’s latest most empowered company survey shows African Equity Empowerment Investments (AEEI) tops the list.

This based on the 2013 Code of Good Practice, while Vodacom SA is the Most Empowered Company according to the 2007 Code of Good Practice.

Research for the annual survey for South Africa’s Top 100 Most Empowered JSE-listed companies was conducted by empowerment ratings agency Empowerdex. The results, released in partnership with Independent Media’s business publication Business Report, and specialist research and media house Intellidex, were announced at a special function in Johannesburg on Thursday night.

This year’s Most Empowered Companies rankings differ from previous years because many companies have converted to the revised 2013 Codes of Good Practice, while others are still operating under the 2007 codes.

That is mainly because their industries are yet to establish their own, industry-specific transformation codes or charters, but expect to do so by year-end. According to Empowerdex, there are two sets of rankings this year, one for each group. Except for venture capital and development board companies, the participants in this year’s survey are all the companies listed on the JSE, including AltX.

This is the first year that AEEI qualifies to be in the main rankings of the Most Empowered Companies survey because it was previously classified as a qualifying small enterprise (now termed exempt micro-enterprises). AEEI’s total BEE score of 102.47 points puts it ahead of Oceana Group (last year’s winner), which scored 97.82 points.

 

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Published by Independent Media, 30 September 2016 at 2:49pm

Independent Media scooped two top awards at the inaugural Digital Media Africa Awards organised by the World Association of Newspapers (WAN-IFRA). The awards took place in Sandton, Johannesburg on Thursday night.

Independent Media was the winner, in the category of Best Tablet Publishing for its IOL App, as well as in the category, Best Use of Online Video for the video, What would you take a bullet for.

Team Independent were also runner ups in the following categories: Best News Website (www.iol.co.za); Best Entertainment and Lifestyle Website (Condé Nast House & Garden); Best Entertainment and Lifestyle Mobile Service (Condé Nast House & Garden App) and Best New Product (Loot/Isolezwe)

“This is a wonderful reward for the creativity and talent of our new media teams. Awards such as these are great for the industry and certainly positions South Africa at the forefront of media innovation in Africa. I’m very proud of my team”, said Executive Chairman of Independent Media, Dr Iqbal Survé.

The awards ceremony was attended by over 300 delegates from more than 16 countries.

WAN-IFRA’s African Digital Media Awards recognise publishers who have adopted digital media and mobile strategies as part of their total product offering to meet the major changes in how people consume news and information today.

The night was celebrated in style, with DJ for the night, Rita Ray. DJ Rita Ray is a Club DJ, broadcaster, presenter, curator, performer and compiler.  She presents the African music review for Focus On Africa on the BBC World Service.

 

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Published by Staff Writer, 19 September 2016 at 09:11am

Former US president Bill Clinton hosted a private cocktail reception in New York on Sunday night to honour the founding members of the Clinton Global Initiative (CGI).

Among those to be honoured is the executive chairman of the Sekunjalo Group and Independent Media, Dr Iqbal Survé.

The CGI, an initiative of the Clinton Global Foundation, was established by Bill Clinton in 2005.

The organisation convenes global leaders around the world to contribute innovative solutions towards tackling some of the world’s most pressing issues.

The annual meetings have brought together heads of state, NGOs,business leaders, Nobel Prize laureates, philanthropists and members of the media from across the globe.

This year’s annual meeting in New York is the last meeting of the CGI, because of Hillary Clinton’s promising campaign for the presidency of the US.

“These groups of people have contributed to the philanthropic goals of CGI, which is committed to human and children’s rights, climate change, health, education and social justice, which speaks to just some of the social impact initiatives that have been addressed by the committee.

“CGI members have made more than 3 400 commitments to action towards improving the lives of people and changing the world. To date, over 430 million people have been impacted across 180 countries in the world,” said Bill Clinton.

Survé has served on the CGI since its inception in 2005, when he was recommended by Nelson Mandela on the invitation of Bill Clinton.

 

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Published by Dougie Oakes, Cape Times, 14 September 2016 at 10:08pm “UNLESS you take control of your destiny, you will have no destiny.” These words could easily have been construed as a warning. But on a chilly evening this week at a conference centre at Old Mutual in Pinelands, a gathering of black business owners, […]