Investment In Brief

Investment

- South Africa’s Minister in the Presidency Manto Tshabalala-Msimang is expected to open the R1.2 million Moletsi FM community radio station building in Limpopo. The radio station is generating a monthly revenue of over R300 000.The R1.2 million building was made possible following a R480,000 grant from the Media Development and Diversity Agency (MDDA), which is situated in the Office of the Presidency, as well as from other donors.According to station manager Modjadji Mphela, 17 people are responsible for broadcasting community news and entertainment to almost all 118 villages in and outside Moletsi.

- The biennial Conference of African Broadcasters, (Africast) in Abuja, Nigeria, from October 21 to 23, 2008, cost the host, the National Broadcasting Commission (NBC) of Nigeria, over N17 million (US$146,649). The amount covered logistics and other expenses that were incurred in the process.

- The SA Broadcasting Corporation's 2008 operating profit has dropped from last year's R182.8-million to R111.3-million. However, its overall revenue increased by 10 percent to R4.7-billion.