Mvela to buy slice of Johncom

Tokyo Sexwale's Mvelaphanda Group is to acquire between 25,1percent and 30percent of Opco, a company being formed to hold the media assets of Johnnic Communications whose newspaper stable includes Sowetan. The stake is being acquired from client portfolios managed or advised by fund managers Allan Gray for just more than R1,4billion. - I-Net Bridge

Tokyo Sexwale's Mvelaphanda Group is to acquire between 25,1percent and 30percent of Opco, a company being formed to hold the media assets of Johnnic Communications whose newspaper stable includes Sowetan. The stake is being acquired from client portfolios managed or advised by fund managers Allan Gray for just more than R1,4billion. - I-Net Bridge

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