oa Journal of Marketing - Johncom (Avusa) who's next?
Johncom (or Avusa as it's now known) and media watchers were up in arms last year when Koni Media Holdings, a black-owned investment company, announced that it was approaching Johnnic Communications regarding a takeover. Johnnic, which includes the Sunday Times and Sowetan, had a market value at the time of more than R11 billion. The controversy surrounded the fact that three of Koni's shareholders include one of President Thabo Mbeki's political advisors, Titus Mafolo, the spokesman of the Department of Foreign Affairs, Ronnie Mamoepa, and Billy Modise, a retired diplomat and former chief of state protocol.
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