INM South African staff form trust ahead of sale

Staff at the South African operations of INM have formed a trust and hope to secure a 25 per cent stake in the company under new ownership.

8th September, 2012
INM trust patron: Archbishop Desmond Tutu.

Staff at the South African operations of Independent News and Media (INM) have formed a trust and hope to secure a 25 per cent stake in the company under new ownership. The business is currently for sale and three parties have expressed an interest in buying it, according to INM.

It is understood that the staff trust has met interested parties and potential investors to explore aligning themselves with a consortium. Archbishop Desmond Tutu is the...

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