Khanyi Dhlomo’s Ndalo Media prepares to shut down
The media company that produces Destiny, Destiny Men and Elle magazines will close its doors at the end of January 2019
The media company that produces Destiny, Destiny Men and Elle magazines will close its doors at the end of January 2019. According to SowetanLIVE, staff at Ndalo Media have not been paid for the month of November and it seems unlikely they will receive their December salaries any time soon. The company, owned by Khanyi Dhlomo, who has extensive experience in the media industry, has been struggling financially since about 2016. Ndalo Media reportedly owes CTP Printers more than R13m for work done since 2016.
A source provided SowetanLIVE with an audio recording in which Dhlomo is said to be confirming the closure. She said: “Given just where we are and the various conversation’s we’ve had, I’ve decided to close down this company effective as of the 31st of January next year .” The news comes at the tail of a year that has seen media companies planning to shed jobs, jettison titles or shut down. Businessman and former government spokesperson Mzwanele Manyi bought the Gupta...