STATEMENT: Tiso Blackstar Group clarifies its position following misleading reporting
The following statement was issued by the board of the Tiso Blackstar Group on April 18 2018. Tiso Blackstar Group wishes to reiterate that it is performing well and ahead of expectations, contrary to misleading reports by Independent Media. Tiso Blackstar Group is truly committed to editorial independence and free speech, but a series of inaccurate reports about the group by Independent Media’s titles have prompted us to set the record straight. We wish to highlight the fact that editorial decisions are made in line with a strict policy and with no intervention or influence by the Tiso Blackstar Group board, its CEO or its shareholders. In summary: Tiso Blackstar Group has stated consistently that its non-core assets are held for sale and will be realised when the timing allows and the price is right. The fact that the sale of its interest in Kagiso Tiso Holdings was not realised due to various factors has not put the business in an untenable position. The group is not in debt resc...
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