Lebashe acquired the Media Assets of Tiso Blackstar Group. This acquisition will reach millions of people every day through a wide range of Newspaper, Television, Radio, Digital, Magazine and Film products, across a variety of iconic brands.
The brands are part of South Africa’s heritage, with the Sunday Times, Daily Dispatch and The Herald titles all being over a hundred years old.The media brands set the national agenda. They inform, inspire, delight and give a voice to the nation.
This media group is the largest national English publishing group in South Africa and the country’s second-largest digital publisher.
The shareholding acquired by Lebashe is a culmination of a strategic partnership that was first announced in March 2018. EOH provides high value, end-to-end solutions to clients in all industry verticals. These services weave perfectly into the Lebashe offering and are aligned with the Lebashe’s directive.
The strategic rationale behind the EOH transaction revolves around the increased exposure that Lebashe now has to Africa’s largest technology services provider. There exist welcomed overlaps and alignment of fundamental business objectives. There is a shared vision to develop infrastructure on the continent and exploit the abundant opportunities that exist. The structure of the transaction speaks to Lebashe’s vision of constructing long-term sustainable growth and collaborating to strengthen shareholder value.