Faizel Patel, Radio Islam News, 2015-02-05
The South African Press Association (Sapa) which has been in existence since 1938 will be closing down.
Sapa said in a statement on Thursday that Gallo Images, KMM Review Publishers and Sekunjalo Investment Holdings had expressed interest.
The board of the non-profit company said it will send out its last story at midnight on 31 March.
In the period since September, the parties had each presented their proposals for the establishment of a commercially based content-generating and syndication service business.
The board, through Nkonki, has now entered a process of calling for bids for Sapa’s assets.
The news agency’s chair Minette Ferreira said Sapa, as a special category non-profit company, could not be sold off.
“After the disposal of the assets the company will be liquidated and its operations will cease on 31 March 2015,” said Ferreira.
Ferreira said the board intended “ensuring the interests of all Sapa employees were correctly and meticulously attended to.
“In addition, current subscribers would in due course be briefed on the plans and would be approached directly by the operators of the new syndication business.
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