Independent Media notes SCA ruling, says no impact on operating business

By Independent Media / 26/03/2026

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Independent Media notes the judgment delivered by the Supreme Court of Appeal (SCA) in relation to the dispute involving the Independent Media Consortium and the Southern African Clothing and Textile Workers’ Union (Sactwu)

It is important to clarify that this matter does not involve Independent Media as an operating business, nor Sekunjalo Investment Holdings.

The case relates specifically to the Independent Media Consortium (IMC), a special purpose vehicle (SPV) established to invest in Independent Media.

The consortium is made up of shareholders including the Southern African Clothing and Textile Workers’ Union (Sactwu), Sekunjalo and other parties.

The dispute centres on a subordination agreement and, more specifically, on the technical question of whether the agreement was validly authorised — including whether the relevant executive had the authority to sign and whether the underlying resolution was correctly constituted.

Independent Media and the relevant parties will study the full judgment and its implications in detail with their legal advisors before considering any appropriate next steps.

We remain focused on our core business of delivering quality journalism and serving our audiences and stakeholders.

Issued by Lucien Jacobs
Chairman : Independent Media

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People are at the heart and soul of Independent Media. We are one of South Africa’s leading multi-platform content companies. Our stable of fine, quality publications includes 20 of the country’s most prominent newspapers with The Star in Johannesburg, Cape Times and Cape Argus in Cape Town and The Mercury in Durban firmly entrenched in millions of households throughout South Africans. African Independent is the only title that serves the African continent and I’solezwe lesiXhosa provides the daily news to millions of literate Xhosas in the Eastern Cape. Business Report is South Africa’s largest business newspaper. Independent Online, popularly known as IOL, is Independent’s current digital offering and brings millions of readers breaking news as events happen in the country and around the world. With a growing daily unique online audience, iol.co.za is one of the largest news and information websites in South Africa.