Chief executive Andrew Bonamour needs to tell South Africa what his crude curate campaign against Matjila is and what lies beneath such determination to get rid of him.
The truth is that Bonamour has sent his senior executives to meet with the PIC to try and persuade the continent’s biggest fund manager to merge Tiso and Independent. I’ve got proof of that. In my view, this is not good for media independence. The question is will Matjila allow that?
Facts are that the PIC lost more than R2billion by investing in Tiso Blackstar. Tiso is in debt with banks, big time. To the amount of multi billions. And Bonamour is struggling, or juggling. The performance of the Tiso share price tells the story.
People working with Bonamour told BR that it is “not easy to work with Bonamour”. He recently paid white editors bonuses, sources revealed. The question to ask is: Is Bonamour a corporate bully?