Investment In Brief
- The New Vision is seeking to raise about sh28b from the sale of 25.2 million shares. The funds will be used to help the company beef up its current capacity, expand into radio, TV and build a new office block.
- Peter Gird and entrepreneur Jason Xenopoulos invest in a new South African content production company,2.0. It aims to provide content for every medium, including interactive, mobile and online media. This would include traditional TV commercials, TV shows and feature films, as well as new forms of branded entertainment such as viral videos and interactive games. Xenopoulos, the chief creative officer, has brought his media agency, Mass Hysteria, to the new venture.