Media24


Media24 is the print media division of the South African media company Naspers. It controls Naspers' newspaper and magazine Southern African publishing and printing activities, including Internet publishing of the 24.com collection of web portals. Media24 is Africa's largest publisher, printer, and distributor of magazines and related products, as well its largest newspaper publisher.
The company is headquartered in the Media24 Centre, in Foreshore, Cape Town.

Welkom Yizani

Welkom Yizani is a black empowerment share scheme launched by Media24 in September 2006. This scheme owns 15 percent of Media24, a subsidiary of Naspers Ltd. Media24 received R1.4 billion after the unbundeling of Novus Holdings in 2017. At the Media24/Welkom Yizani annual general meeting it was announced that shareholders will receive a special cash dividend of not less than R14.79 per Welkom Yizani ordinary share. In addition, the board declared an ordinary dividend of 42.5 cents per share.

Criticism

16 March 2018 Media24 agreed to pay R14 million as a settlement agreement with the Competition Commission after admitting to price fixing and fixing of trade conditions in the media industry.

Publications

Magazines