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Integrated Annual Report
eMedia Holdings | 2020 INTEGRATED ANNUAL REPORT ANNUAL eMedia Holdings | 2020 INTEGRATED 2020 INTEGRATED ANNUAL REPORT CONTENTS 2 Group at a glance 3 About this report 4 Who we are 19 5 Our companies 6 Financial highlights Corporate governance 8 Directors’ profile 20 Corporate governance report 10 Chief executive officer’s report 24 King lV application register 14 Operations report 29 Report of the audit and risk committee 15 Shareholder snapshot 31 Report of the remuneration committee 18 Directors’ interest in shares 33 Report of the social and ethics committee 34 Sustainability report 34 Environmental 36 Transformation 38 Human relations 39 Summarised annual financial results 40 Directors’ report 44 Declaration by the company secretary 45 Independent auditor’s report 46 Summarised consolidated financial results 52 Notes to the summarised consolidated results 59 Notice of annual general meeting 67 Form of proxy 68 Notes to form of proxy 69 Corporate information eMedia Holdings integrated annual report 2020 1 GROUP AT A GLANCE Ethical conduct, good corporate governance and risk governance are fundamental to the way that eMedia Holdings manages its business. Stakeholders’ interests are balanced against effective risk management and eMedia Holdings’ obligations to ensure ethical management and responsible control. 2 eMedia Holdings integrated annual report 2020 ABOUT THIS REPORT eMedia Holdings Limited (eMedia Holdings) presents this for the approval of these, which are then endorsed by the integrated annual report for the year ended 31 March 2020. board. All risks that are considered material to the business have This report aims to provide stakeholders with a comprehensive been included in this report. -
Blurred Lines
BLURRED LINES: HOW SOUTH AFRICA’S INVESTIGATIVE JOURNALISM HAS CHANGED WITH A NEW DEMOCRACY AND EVOLVING COMMUNICATION TOOLS Zoe Schaver The University of North Carolina at Chapel Hill School of Media and Journalism Advised by: __________________________ Chris Roush __________________________ Paul O’Connor __________________________ Jock Lauterer BLURRED LINES 1 ABSTRACT South Africa’s developing democracy, along with globalization and advances in technology, have created a confusing and chaotic environment for the country’s journalists. This research paper provides an overview of the history of the South African press, particularly the “alternative” press, since the early 1900s until 1994, when democracy came to South Africa. Through an in-depth analysis of the African National Congress’s relationship with the press, the commercialization of the press and new developments in technology and news accessibility over the past two decades, the paper goes on to argue that while journalists have been distracted by heated debates within the media and the government about press freedom, and while South African media companies have aggressively cut costs and focused on urban areas, the South African press has lost touch with ordinary South Africans — especially historically disadvantaged South Africans, who are still struggling and who most need representation in news coverage. BLURRED LINES 2 TABLE OF CONTENTS Chapter I: Introduction A. Background and Purpose B. Research Questions and Methodology C. Definitions Chapter II: Review of Literature A. History of the Alternative Press in South Africa B. Censorship of the Alternative Press under Apartheid Chapter III: Media-State Relations Post-1994 Chapter IV: Profits, the Press, and the Public Chapter V: Discussion and Conclusion BLURRED LINES 3 CHAPTER I: Introduction A. -
South Africa: Afrikaans Film and the Imagined Boundaries of Afrikanerdom
A new laager for a “new” South Africa: Afrikaans film and the imagined boundaries of Afrikanerdom Adriaan Stefanus Steyn Thesis presented in fulfilment of the requirements for the degree of Master of Arts in Social Anthropology in the faculty of Arts and Social Sciences at Stellenbosch University Supervisor: Dr Bernard Dubbeld Faculty of Arts and Social Sciences Department of Sociology and Social Anthropology December 2016 Stellenbosch University https://scholar.sun.ac.za By submitting this thesis electronically, I declare that the entirety of the work contained therein is my own, original work, that I am the sole author thereof (save to the extent explicitly otherwise stated), that reproduction and publication thereof by Stellenbosch University will not infringe any third party rights and that I have not previously in its entirety or in part submitted it for obtaining any qualification. December 2016 Copyright © 2016 Stellenbosch University All rights reserved Stellenbosch University https://scholar.sun.ac.za Abstract The Afrikaans film industry came into existence in 1916, with the commercial release of De Voortrekkers (Shaw), and, after 1948, flourished under the guardianship of the National Party. South Africa’s democratic transition, however, seemed to announce the death of the Afrikaans film. In 1998, the industry entered a nine-year slump during which not a single Afrikaans film was released on the commercial circuit. Yet, in 2007, the industry was revived and has been expanding rapidly ever since. This study is an attempt to explain the Afrikaans film industry’s recent success and also to consider some of its consequences. To do this, I situate the Afrikaans film industry within a larger – and equally flourishing – Afrikaans culture industry. -
A Channel Guide
Intelsat is the First MEDIA Choice In Africa Are you ready to provide top media services and deliver optimal video experience to your growing audiences? With 552 channels, including 50 in HD and approximately 192 free to air (FTA) channels, Intelsat 20 (IS-20), Africa’s leading direct-to- home (DTH) video neighborhood, can empower you to: Connect with Expand Stay agile with nearly 40 million your digital ever-evolving households broadcasting reach technologies From sub-Saharan Africa to Western Europe, millions of households have been enjoying the superior video distribution from the IS-20 Ku-band video neighborhood situated at 68.5°E orbital location. Intelsat 20 is the enabler for your TV future. Get on board today. IS-20 Channel Guide 2 CHANNEL ENC FR P CHANNEL ENC FR P 947 Irdeto 11170 H Bonang TV FTA 12562 H 1 Magic South Africa Irdeto 11514 H Boomerang EMEA Irdeto 11634 V 1 Magic South Africa Irdeto 11674 H Botswana TV FTA 12634 V 1485 Radio Today Irdeto 11474 H Botswana TV FTA 12657 V 1KZN TV FTA 11474 V Botswana TV Irdeto 11474 H 1KZN TV Irdeto 11594 H Bride TV FTA 12682 H Nagravi- Brother Fire TV FTA 12562 H 1KZN TV sion 11514 V Brother Fire TV FTA 12602 V 5 FM FTA 11514 V Builders Radio FTA 11514 V 5 FM Irdeto 11594 H BusinessDay TV Irdeto 11634 V ABN FTA 12562 H BVN Europa Irdeto 11010 H Access TV FTA 12634 V Canal CVV International FTA 12682 H Ackermans Stores FTA 11514 V Cape Town TV Irdeto 11634 V ACNN FTA 12562 H CapeTalk Irdeto 11474 H Africa Magic Epic Irdeto 11474 H Capricorn FM Irdeto 11170 H Africa Magic Family Irdeto -
Annual Report 2010 N T Ann Rrepo P
AnnualAnn RReReportpop rtt 2010 The Naspers Review of Governance and Financial Notice of Annual Group Operations Sustainability Statements General Meeting 2 Financial highlights 22 Review of operations 42 Governance 74 Consolidated 198 Notice of AGM 4 Group at a glance 24 Internet 51 Sustainability and company 205 Proxy form 6 Global footprInt 30 Pay television 66 Directorate annual financial 8 Chairman’s and 36 Print media 71 Administration and statements managing corporate information director’s report 72 Analysis of 16 Financial review shareholders and shareholders’ diary Entertainment at your fingertips Vision for subscribers To – wherever I am – have access to entertainment, trade opportunities, information and to my friends Naspers Annual Report 2010 1 The Naspers Review of Governance and Financial Notice of Annual Group Operations Sustainability Statements General Meeting Mission To develop in the leading group media and e-commerce platforms in emerging markets www.naspers.com 2 Naspers Annual Report 2010 The Naspers Review of Governance and Financial Notice of Annual Group Operations Sustainability Statements General Meeting kgFINANCIAL HIGHLIGHTS Revenue (R’bn) Ebitda (R’m) Ebitda margin (%) 28,0 6 496 23,2 26,7 6 026 22,6 09 10 09 10 09 10 Headline earnings Core HEPS Dividend per per share (rand) (rand) share (proposed) (rand) 8,84 14,26 2,35 8,27 11,79 2,07 09 10 09 10 09 10 2010 2009 R’m R’m Income statement and cash flow Revenue 27 998 26 690 Operational profit 5 447 4 940 Operating profit 4 041 3 783 Net profit attributable -
Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT Worldreginfo - Fe9ca6a0-3330-442E-A99f-Ebe086198619 Website At
Remgro Limited | Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 CREATING SHAREHOLDER VALUE SINCE 1948 Originally established in the 1940s by the late Dr Anton Rupert, Remgro’s investment portfolio has evolved substantially and currently includes more than 30 investee companies. MORE INFORMATION This Integrated Annual Report is published as part of a set of reports in respect of the financial year ended 30 June 2019, all of which are available on the Company’s website at www.remgro.com. INVESTOR TOOLS Cross-reference to relevant sections within this report Download from our website: www.remgro.com View more information on our website: www.remgro.com WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 CONTENTS www.remgro.com | Remgro Limited | Integrated Annual Report 2019 1 OVERVIEW 1OF BUSINESS 4 REMGRO’S APPROACH TO REPORTING 7 SALIENT FEATURES 8 GROUP PROFILE REPORTS TO 10 COMPANY HISTORY SHAREHOLDERS 12 OUR BUSINESS MODEL 2 24 CHAIRMAN’S REPORT 14 UNDERSTANDING THE BUSINESS OF AN INVESTMENT HOLDING COMPANY 25 CHIEF EXECUTIVE OFFICER’S REPORT 16 KEY OBJECTIVES AND 32 CHIEF FINANCIAL OFFICER’S REPORT PRINCIPAL INTEGRATED RISKS 40 INVESTMENT REVIEWS 18 DIRECTORATE AND MEMBERS OF COMMITTEES 20 EXECUTIVE MANAGEMENT STRUCTURE 21 SHAREHOLDERS’ DIARY AND COMPANY INFORMATION FINANCIAL 4 REPORT 118 AUDIT AND RISK COMMITTEE REPORT GOVERNANCE AND 121 REPORT OF THE BOARD OF DIRECTORS SUSTAINABILITY 126 REPORT OF THE INDEPENDENT AUDITOR 3 127 SUMMARY FINANCIAL STATEMENTS 66 CORPORATE GOVERNANCE REPORT 79 RISK AND OPPORTUNITIES MANAGEMENT REPORT 86 REMUNERATION REPORT 104 SOCIAL AND ETHICS COMMITTEE REPORT 106 ABRIDGED SUSTAINABLE DEVELOPMENT REPORT ADDITIONAL 5 INFORMATION 146 FIVE-YEAR REVIEW AND SHARE STATISTICS 148 SHAREHOLDERS’ INFORMATION 151 NOTICE TO SHAREHOLDERS ATTACHED FORM OF PROXY WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 Remgro invests in businesses that can deliver superior earnings, cash flow generation and dividends over the long term. -
Material Requirements & Deadlines
Material Requirements & Deadlines Logs open 6-weeks prior to Broadcast – Deadline for material/schedule changes: * 7 business-days prior to broadcast….TO ENSURE AN ERROR FREE BROADCAST * A great deals happens prior to 72-hour LOCKDOWN & Transmission! LOGS & BREAKS CHECKED 7 3 BUSINESS DAYS BUSINESS DAYS 72-HOURS LOCKDOWN MATERIAL ACCEPTANCE 72 48 24 TX HOURS HOURS HOURS DStv Commercial Channel Play-Outs Aspect Ratio GENERAL ENTERTAINMENT DOCUMENTARY & NEWS MUSIC YOUTH 4:3 GENERAL ENTERTAINMENT LIFESTYLE DOCUMENTARY & NEWS SPORT MUSIC YOUTH 16 x 9 SD GENERAL ENTERTAINMENT SPORT HD Dualcast on HD & 16:9SD kykNET & kie, Mzansi Magic, Mzansi Wethu, Mzansi Bioskop, M-Net Movies Zone 4:3 WSS and can accept 16:9 SD - & naturally HD, material Channel’s are subject to change / move – the above is correct as provided by our Channel’s at the time of release Production House / Creative Agency: Work-Flow Material Digital Delivery Adstream HD Brendon Richie [email protected] +27 82 990 3126 Media Move 16:9 SD Neels Bester [email protected] +27 082 384 7098 On-Air Play-Out: HD Copy Only 4:3 (HD, 16:9 SD and 4:3 Channel’s) On-Air Play-Out: 16:9 SD Copy HD (16:9 SD & 4:3 Channel’s ) Full Screen (title-safe preferable) 16:9 SD Full Screen OR (title-safe preferable) On-Air Play-Out: 4:3 Copy (4:3 Channel’s Only) QC Audio levels, 16:9 SD 4:3 4:3 Audio & video Letterboxed Letterboxed 4:3 Down Rendered quality, Full Screen Encoding Play-Out Material Specs, Delivery & Timelines No more tapes or different ad formats for different channels….SEND JUST ONE HD COPY Clients can elect to continue to send 4:3 material if they do not want the copy ‘letterboxed’ on-air. -
2017 Multichoice Annual Results
Annual results announcement Summary of the annual results of the MultiChoice group for the year ended 31 March 2017 MultiChoice South Africa Holdings Proprietary Limited (Registration number 2006/015293/07) (MultiChoice or the group) REPORT OF THE INDEPENDENT AUDITOR Revenue R’bn RevenueCore headlineR’bn earnings R’bnCore headline earnings R’bn The annual financial statements have been audited by the company’s auditor, PricewaterhouseCoopers Inc., whose unqualified audit 40,5 40,5 reports on the annual financial statements and annual results announcement are available for inspection at the registered office of 35,7 35,7 6,9 7,0 6,9 7,0 the company and on the company’s website. The auditor’s report does not necessarily cover all the information in this annual results announcement. Shareholders are advised that to obtain a complete understanding of the nature of the auditor’s work they should obtain a copy of that report, together with the annual financial statements, from the registered office of the company or the company’s website. 13% 13% On behalf of the board Nolo Letele Executive chair and acting chief executive Randburg 23 June 2017 Consolidated statements of profit or loss Year ended Year ended 31 March 31 March 2016 2017 2016 2016 2017 2017 2016 2017 2017 2016 R’m R’m The group produced satisfactory financial results despite tough conditions in the South African economy, driven by lower commodity prices, drought, political uncertainty, continued currency weakness and shifts in the competitive landscape. Consolidated revenues Revenue 40 544 35 704 increased by 14% for the review period. -
Betrayal of the Promise: How South Africa Is Being Stolen
BETRAYAL OF THE PROMISE: HOW SOUTH AFRICA IS BEING STOLEN May 2017 State Capacity Research Project Convenor: Mark Swilling Authors Professor Haroon Bhorat (Development Policy Research Unit, University of Cape Town), Dr. Mbongiseni Buthelezi (Public Affairs Research Institute (PARI), University of the Witwatersrand), Professor Ivor Chipkin (Public Affairs Research Institute (PARI), University of the Witwatersrand), Sikhulekile Duma (Centre for Complex Systems in Transition, Stellenbosch University), Lumkile Mondi (Department of Economics, University of the Witwatersrand), Dr. Camaren Peter (Centre for Complex Systems in Transition, Stellenbosch University), Professor Mzukisi Qobo (member of South African research Chair programme on African Diplomacy and Foreign Policy, University of Johannesburg), Professor Mark Swilling (Centre for Complex Systems in Transition, Stellenbosch University), Hannah Friedenstein (independent journalist - pseudonym) Preface The State Capacity Research Project is an interdisciplinary, inter- that the individual confidential testimonies they were receiving from university research partnership that aims to contribute to the Church members matched and confirmed the arguments developed public debate about ‘state capture’ in South Africa. This issue has by the SCRP using largely publicly available information. This dominated public debate about the future of democratic governance triangulation of different bodies of evidence is of great significance. in South Africa ever since then Public Protector Thuli Madonsela published her report entitled State of Capture in late 2016.1 The The State Capacity Research Project is an academic research report officially documented the way in which President Zuma and partnership between leading researchers from four Universities senior government officials have colluded with a shadow network of and their respective research teams: Prof. Haroon Bhorat from the corrupt brokers. -
Profit Wheels Are Turning
TO SUBSCRIBE TO CAPE BUSINESS NEWS ISSN 1028-1215 SMS Subscribe to 31013 FOUNDED 1980 National Distribution SEPTEMBER 2018 Another fishing Balloon payments Flight simulator deal challenges resolved 2020 Scramble for 3 15 Firmware to the 31 rights. Another road to debt? rescue. Woolworths Profit wheels are turning + UNICEF for the year - which was heavily impacted by a 30% rise in the fuel price and further = improved exacerbated by the 9% across the board wage determination and a 13% hike in the children’s overtime rate. Meyer said the additional costs were partly offset by improved fuel nutrition efficiencies derived from the company’s ongoing fleet recapitalisation and the reduction of excessive positioning and dead kilometres. He said the recapitalisation of the GABS fleet, the harnessing of new technologies (aimed at achieving extended bus life- cycles) and increasing the thresholds of fuel and lubricant usage complimented the range of cost containment measures. Meyer stressed GABS’ resilient perfor- mance was supported by a range of train- OOLWORTHS has an- ing and development initiatives aimed at nounced a new partner- driving efficiencies across the value chain. Wship with UNICEF South “This is testimony to the company’s central Africa to help increase South African philosophy of growing its own timber.” children’s access to good nutrition. He argued this was tangibly demonstrat- In line with its aim to support in- ed by the provision of 16 840 training days novative, scalable programmes, the NEW transport juggernaut – driven as feeder routes in Atlantis and the Cape to its employees – which laid the founda- retailer has committed by some impressive growth engines Town CBD. -
Investment Reviews Investing in Sectors That Have a Solid Track Record
The purpose behind Remgro’s investments is to ensure superior returns to shareholders by way of sustainable dividend and capital growth. INVESTMENT INVESTMENT REVIEWS INVESTING IN SECTORS THAT HAVE A SOLID TRACK RECORD BANKING HEALTHCARE CONSUMER PRODUCTS INSURANCE INDUSTRIAL INFRASTRUCTURE MEDIA AND SPORT OTHER INVESTMENTS 42 REPORTS TO SHAREHOLDERS | Investment reviews BANKING 29% CONTRIBUTION TO 30 June 2019 30 June 2018 HEADLINE EARNINGS R million R million BANKING 2019 RMH 2 644 2 486 FirstRand 1 093 1 039 71% 3 737 3 525 RMH FirstRand PROFILE RMH is the biggest shareholder in FirstRand Limited (FirstRand), South Africa’s 28.2% largest banking group, with a 34% stake. RMH is the founding shareholder of EFFECTIVE FirstRand and views this as its core asset. On a selective basis, RMH invests in INTEREST other banking and property businesses. CORPORATE INFORMATION FINANCIAL HIGHLIGHTS SUSTAINABILITY MEASURES Market cap at 30 June 2019 Year ended Refer to FirstRand as RMH is an R119 148 million 30 June 2019 investment holding company. R million % Listed on the JSE Limited Chief Executive Officer Headline earnings 9 390 6 H L Bosman Normalised Remgro nominated directors earnings 9 394 7 J J Durand, F Knoetze (alternate) Dividends Website declared per rmh-online.co.za share (cents) 376 7 RMB HOLDINGS LIMITED (RMH) RMH’s main asset is a fully diluted interest of 34% in FirstRand, and its performance is therefore primarily related to that of FirstRand. The RMH strategy also includes investments in the property sector with a long-term capital growth focus. RMH’s contribution to Remgro’s headline earnings for the year under review increased to R2 644 million (2018: R2 486 million) due to the good operational performance of FirstRand. -
Case Number: 14/2019
CASE NUMBER: 14/2019 DATE OF HEARING: 8 AUGUST 2019 JUDGMENT RELEASE DATE: 23 AUGUST 2019 eNCA APPELLANT vs STRYDOM AND TAYLOR RESPONDENT APPEAL TRIBUNAL: MR BRIAN MAKEKETA (DEPUTY CHAIRPERSON) MR TSHIDI SEANE MS NOKUBONGA FAKUDE FOR THE APPELLANT: Mr Ndivhuho Norman Munzhelele, General Head: Regulatory and Strategy accompanied by Mr Morapedi Pilane, assistant Compliance Officer FOR THE RESPONDENT: Adv Mark Oppenheimer instructed by Hurter Spies Attorneys accompanied by Mr Daniël Eloff: Attorney, Hurter Spies Attorneys and Mr Joost Strydom _____________________________________________________________________________________ The finding under adjudication No: 20A/2019 is confirmed. The appeal is not upheld. eNCA vs Strydom and Taylor, Case No: 14/2019 (BCCSA) _____________________________________________________________________________________ SUMMARY The Appellant was granted leave to appeal against the finding of the Commissioner under 1 adjudication number 20A/2019. The initial complaint was based on a news broadcast that was aired on the 17th of April 2019 at 19:30. The broadcast consisted of an interview between the Appellant and the Respondent where the Respondent was asked to address some concerns regarding alleged racism. There were allegedly perceptions that the Respondent is racist and that the Respondent’s unique communal structure, where only Afrikaner people or those who identify themselves as Afrikaner can live. The interview was colloquial, and the Respondent appeared to have been able to put forward its version. The dispute however arose when the news reader, after the interview, made remarks where he insisted that the Respondent is racist, and that Black people are only allowed in the Afrikaner community as domestics. After considering all submissions from the Appellant and the Respondent, the Appeal Tribunal has found that the Commissioner was justified in her findings and the Appeal is not upheld.