The Southern Times is a regional newspaper jointly published by Zimbabwe Newspapers Limited and New Era Corporation of Namibia under NamZim.
ZIMBABWE NEWSPAPERS
Zimbabwe Newspapers (1980) Limited is the holding Company of the country’s printing and publishing group encompassing newspapers, commercial printing and directory origination and publishing.
The company traces its origins back to 1981, which is when the Herald was founded. On 30 May 1980, the Company changed its name from the Rhodesia Printing and Publishing Company Limited to Zimbabwe Newspapers (1980) Limited, commonly known as Zimpapers. The company was registered on the Zimbabwe Stock Exchange on 15 October 1951. The company’s core business is newspaper publishing and commercial printing.
The company was founded in 1980 after the government bought the majority shares from Argus Press of South Africa with a US$ 6 million donation from the Nigerian government. Following the buy-out, the government proceeded to establish the Zimbabwe Mass Media Trust (ZMMT).
According to author and researcher Guthrie Munyuki and MISA-Zimbabwe, ZMMT was established to protect the public’s shareholding, i.e. Zimbabwe Government - in the newspaper stable with the Trust’s major mandate being that of protecting the papers from political interference.
Apparently ZMMT was dissolved in December 2001 to pave the way for another organization called Multimedia Investment Trust (MIT) and the authorities are yet to clarify the legal status and role of MIT.
The Zimbabwe Stock Exchange lists ZMMT and Old Mutual Life Assurance as the major shareholders in Zimpapers. The shareholding structure is as follows:
Zimbabwe Mass Media Trust (Zimbabwe Government) – 51.09%
Old Mutual Life Assurance – 23.80%
Intermarket Nominees – 3.38%
National Social Security Authority – 3.10%
Zimpapers Pension Fund – 2.28%
EFE Securities Nominees – 1.53%
Munich Reins, Co of Africa Ltd – 1.04%
Edwards Nominees Private Ltd – 11.36
NNR& FCA - 0.91%
Shara Sheperd – 0.82%
- Glenhazel Investments – 0.69%
zimpapers.com
NEW ERA
New Era Publication Corporation, a wholly-owned publishing house of the Government of the Republic of Namibia. It purports to be committed to providing an objective and factual information service to various readership groups, within its authorising environment.
The Corporation, established in terms of the New Era Publication Corporation Act, No1 of 1992, publishes a newspaper titled New Era, that contains in-depth news and feature articles on political, socio-economic, cultural, governmental and developmental issues of national, regional and international significance.
NewEra.com.na
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