Sekunjalo Group Chief Executive Officer (CEO) Lucien Jacobs. Sekunjalo Group's strategic pivot towards digital publishing marks a significant shift in South Africa's media landscape, ending financial support for loss-making operations and focusing on sustainable growth.
Sekunjalo Group has announced a significant strategic shift in its media investments, unveiling plans for major expansion in digital publishing while signalling the end of its long-standing financial support for loss-making operations within Independent Media.
In a communication to employees, Sekunjalo Group Chief Executive Officer Lucien Jacobs outlined both positive and challenging developments affecting the group's media portfolio.
On the positive front, Jacobs confirmed that Independent Online (IOL) had secured substantial funding from European and American partners to accelerate its digital growth strategy. According to Jacobs, the investment is expected to expand IOL's national footprint and create hundreds of jobs across the journalism, content production and digital media sectors.
"Digital is the future," Jacobs said, congratulating IOL CEO Viasen Soobramoney and his team on securing the investment.
