Bongani Siqoko, left, chief executive of Ubuntu Media Holdings, and Sakie Sakhumzi Magele, director of Ubuntu Media Holdings and Khumzi Investments

The new owner of The Herald and Daily Dispatch is throwing a swanky party, complete with food, drinks and live entertainment on Friday while the staff behind the two iconic newspapers are still waiting to be paid.

The invitation, sent to what it describes as "esteemed guests", invites them to a 1pm celebration in KuGompo City, formerly East London, to mark the official opening of Voice Lounge's new premises and the online station's first anniversary.

But for the journalists, photographers and support staff who produce the newspapers, there is little to celebrate.

They had still not received their July salaries, normally paid on the 25th of the month, leaving many struggling to keep a roof over their heads and put food on the table.