| Media24 | |
| Type: | Subsidiary |
| Foundation: | December 18, 1914 (establishment of Naspers) August 1, 2000 (establishment of Media24) |
| Location City: | Cape Town, South Africa[1] |
| Area Served: | South Africa |
| Key People: | Ishmet Davidson (CEO) Raj Lalbahadur (CFO)[2] |
| Industry: | Print Media |
| Products: | Newspapers, Magazines, Books, Logistics, Ecommerce, Digital, Television |
| Parent: | Naspers |
Media24 is a South African media company with interests in digital media and services, newspapers, magazines, ecommerce, book publishing, television, logistics and distribution. It is part of a multinational group of media and ecommerce platforms.
The company is headquartered in the Media24 Centre, in Foreshore, Cape Town.[1]
Welkom Yizani is a share scheme launched by Media24 in September 2006.[3] This scheme owns 15 percent of Media24, a subsidiary of Naspers Ltd. Media24 received R1.4 billion after the unbundling 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.[4]
Shareholders of Welkom Yizani accepted Media24’s cash offer to buy out all the shares at a special general meeting held on 22 January 2021. The transaction has been concluded, Welkom Yizani was delisted from the Equity Express Securities Exchange (EESE) and the scheme has been unwound.
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.[5]
VIA is a 24-hour Afrikaans lifestyle channel.[7]
Via is available on MultiChoice's DStv platform on channel 147 since 9 November 2015.
See main article: Honey (TV channel).
Honey is a lifestyle TV channel. It has a mix from lifestyle to reality, food, and culture across the African continent.[8]
The channel was available on MultiChoice's DStv platform on channel 173 from 15 February 2021 until 31 October 2023.[9]