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Rob Rose Investigates Caxton Boss Terry Moolman’s Curious Spat with SABC and Naspers

The Grand ScamRob Rose, investigative journalist and author of The Grand Scam, has written an article about the accusation that SABC and Naspers have merged in a way that flouts the laws of fair competition.

Terry Moolman, founder of Caxton, brought a suit against the the public broadcaster and Naspers’s pay-TV arm, MultiChoice. Rose writes that Moolman’s ligation has been called somewhat arbitrary, because neither broadcaster is in direct competition with his company.

But Moolman’s future objectives might be damaged by the merger (if indeed it is ruled a merger). There is also, Rose reveals, an air of secrecy about the structure of Naspers that inspires curiosity and begs investigation.

Read the article:

Last week, Caxton founder Terry Moolman took an almighty dip at archrival Naspers at the competition tribunal, in a curious spat with deep implications for the cash-strapped SABC. The background is that in July 2013, the SABC’s Hlaudi Motsoeneng struck a deal with Naspers’s pay-TV arm, MultiChoice, to launch a 24-hour news channel and an entertainment channel on its pay-TV platform. In exchange, MultiChoice would pay the SABC R100-million for five years — R500-million.

A good deal, right? After all, the SABC clocked up an operating loss of R600-million last year, so surely this would ease the strain? It may seem that way.

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