INM circulates SA memo

Independent News & Media (INM) has circulated a memorandum of information on the sale of its South African businesses to several interested parties in the last fortnight.

13th October, 2012

Independent News & Media (INM) has circulated a memorandum of information on the sale of its South African businesses to several interested parties in the last fortnight, *The Sunday Business Post* has learned.

However, weakness in the South African rand, which fell to a three-year low against the euro last week, will reduce the ultimate value of the asset for the group. Shares in INM fell to 9 cent last week, giving the company a...

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