Investment New - In Brief

- Sports brand Puma has partnered with the Channel 4 Britdoc Foundation to launch a documentary film fund, which will see up to €200,000 (US$256,200) issued annually to filmmakers. - Return on Investment: Two-year-old Cape Town TV (CTV) is challenging a decision by the Icasa to refuse it a permanent licence, arguing that the community television channel provides a valuable service, is a going concern and has made large investments in infrastructure. CTV, which says it has more than 1.3-million viewers, has paid R700,000 to Sentech over the past few years and is struggling to pay the remainder while running a 24-hour free-to-air channel. "Another problem is the issuing of one-year temporary licences, which not only creates uncertainty but makes it difficult to build a sustainable TV station," station manager Ms Thorne said. Icasa allegedly informed the station that it would consider the matter.