Speculation that a South African mining tycoon would make an announcement this morning in relation to the sale of Independent News & Media's (INM) assets have proved unfounded.
The local Mail & Guardian newspaper reported that Patrice Motsepe was to make an announcement today on a shareholding in South Africa. It had said rumours were rife that it related to INM. However, the announcement, made in the last hour, related to a charitable foundation.
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