eNCA (DStv 403) is abruptly being removed from the SKY pay-TV platform
in the United Kingdom tomorrow at 06:00 – just two years after it
branched out in August 2012 and eNCA announced with great fanfare that
it was being added to SKY.
Comment just in from Fin24 user Dietlof Maré, CEO Fordt Knox Risk Consultancy Services:
The general public are rarely afforded a glimpse into the modus operandi of big business and elements within state and it is alarming though not surprising to see just how much moral degradation has actually taken effect.
Neither the media nor the state have the least bit of credibility and both are equally incompetent to further within their own spheres any advance towards a better future for the coming generations of this amazing country - Our South Africa. And we its citizens are not entirely without blame. Directing our efforts of mass action toward and for vain reasons with the same motive as inspires the very corrupt officials we protest against. At other times sitting snug and passively as long as it is not our children who are murdered or our property that is stolen.
The notion that a man might and should and could find joy for himself under the sun while there is even a single fellow who suffers not only poverty financially but also morally has crept into the minds of men and presented itself as an angel of light to the extent that all men would with the most singular purpose in the history of man arrest joy with all the violence they could muster if they perceived that it was their last chance to attain it. Is it not hypocritical for a thief to scream murder or a liar to claim injustice. We would venture to fix the world while the harder work - that of recognising our own part in it is ever abandoned.
Alas, the dogs have eaten their leader.
30 Oct 2014
Copelyn statement: In our view Marcel created a lot of
mistrust between himself and HCI by trading in these shares without our
knowledge or consent and this is the heart of our difficulties in relation to
the matter.
30 Oct 2014
Copelyn statement: I want to make clear we accept
Marcel's statement that there was no dishonest intention whatsoever on his
part.
30 Oct 2014
Copelyn statement: Firstly I want to make clear Marcel
offered immediately to make good any losses on these (Ellies) trades when we
indicated no interest in being involved in such acquisition and we do not
expect to suffer any loss thereby.
30 Oct 2014
Copelyn statement: HCI believes it has from the inception
of this business been a prime protector of the political independence of this
business and we always will be.
30 Oct 2014
Copelyn statement: Who would employ someone like Bronwyn
Keene-Young if you want a politically compliant business?
(Pic: Who's Who)
30 Oct 2014
Copelyn statement: There are good things and bad things
about a free media environment. It's importance is that it is a cornerstone of
democracy. It is THE means by which the public come to know things people
in power might not like them to know about and we accept HCI became fair game
for media attention when this spat became public.
Apt description of what just transpired at the HCI AGM?
30 Oct 2014
John Copelyn: We see only down side to the current avalanche of press interest with no public benefit and if it doesn't slow down a fine and important engine protecting our democracy is going to be hurt.
30 Oct 2014
Golding looks set to not challenge HCI of e.tv and move
on, says Matthew le Cordeur.
30 Oct 2014
Golding statement: The past 10 days have been
challenging. My colleagues at HCI have won and I have lost and I will be
leaving. My hope is that the legacy I have tried to build continues under the
new leadership of the company.
30 Oct 2014
Golding statement: On the Ellies shares matter, I place it on record that I did not act
dishonestly nor for personal gain and that I at all times acted in good faith
in what I believed was the best interests of Sabido and it's open view hd
platform. My record of the events relating to the Ellies transactions is set
out in full under oath in the affidavit which I submitted to the labour court
and I do not intend to go into further detail here.
30 Oct 2014
Golding statement: My greatest regret and sadness is that
I leave behind these wonderful people, many of whom have given up other lucrative
opportunities so that they could be part of the e.tv dream.
30 Oct 2014
The statements by Golding and Copelyn amount to a peace
deal and the two will not speak to media further on the matter.
30 Oct 2014
Golding statement: To Johnny [Copelyn], I wish him well.
30 Oct 2014
Golding statement: I have lost the support of Sctwu and
my colleagues in HCI and accept this. Trust, integrity and truth is what our
media business is about.
30 Oct 2014
The man that bought 1 share to have his say at HCI's AGM - Theo Botha talking to Sake24's Nellie Brand-Jonker. (Pic: Matthew le Cordeur)
30 Oct 2014
Botha: Need to find an independent chair and that will
drive process.
30 Oct 2014
Theo Botha to Fin24: HCI needs to look at the composition of its board.
30 Oct 2014
Marcel Golding's final statement:
"This is my last meeting at the helm of HCI. It brings to an end a 20 year business partnership with John Copelyn and Sactwu."
30 Oct 2014
Call it whatever u wish, to me the #HCI & #Ellies brew is classic case of insider trading gone wrong. Can someone pls mention that?
Copelyn: Freedom of press is cornerstone of
democracy.
30 Oct 2014
Copelyn: We accept Golding's statement around his
purchase of Ellies shares.
30 Oct 2014
Copelyn can't read statement - handed statement for
someone else to read it.
30 Oct 2014
Copelyn: Been highly rewarding partnership with Marcel. I
make no apologies for who I am and what HCI is.
30 Oct 2014
Copelyn: We don't see this as a breach of policy practice.
We don't influence character of news.
30 Oct 2014
Copelyn: e.tv said they could not attend. Yunis said he
had a feed for e.tv to use. He attempted to get hold of Bronwyn (she quit yesterday as e.tv COO) and Marcel, he
sent sms to head of news.
Copelyn: State had expectation around this arrangement to
cover the opening of the De Hoop dam.
30 Oct 2014
Copelyn: Entered into contact with govt to cover
infrastructure development by Golding. These included documents with independent editorial view - govt did not interfere
with editorial angle.
30 Oct 2014
Copelyn: We are fiercely independent of state.
30 Oct 2014
Copelyn: On 23rd of March Yunis became an exec director
of HCI, he closed his business and ended his contract with Sabido.
30 Oct 2014
Copelyn: Shaik's legal company hired by Sabido for
R100 000 over going digital.
30 Oct 2014
Copelyn: Digital world is the future for e.tv and media
business in general. A sensitive issue is that the gorilla in arena, DStv, does
not agree with our stance on how to roll out to digital.
30 Oct 2014
Copelyn is getting emotional and went very quiet for
a while.
30 Oct 2014
Copelyn: Political interference issue - this is the most sensitive
and important issue. The issue is around opening of De Hoop dam. Shaik had sent
an SMS to head of news to ask if it would headline the news. We have owned eNews for 17 years. I have never got involved with content of news. I have never
intervened in editorial. I don't believe HCI has ever interfered with editorial
freedom.
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