Lebashe is a 100% black-owned unlisted investment holding company with an experienced, multifaceted management team.
Sekunjalo chairman Dr Iqbal Survé said the acquisition was significant for South Africa’s transformation.
“Transformation of the media in our country is much more than a change in ownership. It is about making real and meaningful change at all levels of the organisation in order to bring about lasting impact and a truly democratic press where everyone is included in the narrative.
“When Sekunjalo acquired Irish-owned Independent Media in 2013, the company embarked on an intensive transformation campaign with the sole purpose of leading a new media revolution in our country - not one based on race, but on the message and the narrative,” said Survé.