Investment In Brief

Investment

- The Independent Communications Authority of SA (Icasa), anxious to avoid a repeat of the embarrassment that followed the sale of Vodacom shares to Vodafone, will invite public comment on the sale of struggling pay TV licence holder Telkom Media to a Chinese-led consortium. In May Telkom announced that it had sold its 75 percent stake in Telkom Media, which according to a senior employee will be known as Super5 Media, to Shenzhen Media consortium. Telkom said the pay TV company no longer formed part of its growth strategy. Last week Icasa said it would publish a public notice "soon" to enable all interested parties to make comments on the transaction. Sekgoela Sekgoela, Icasa's spokesman, said the regulator had not yet decided whether to hold public hearings.