
US-based MDIF exits Mail & Guardian, sells to local shareholders
Source: © Facebook Facebook The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian The New York-based not-for-profit investment fund sold its majority shareholding in M&G to minority shareholder and former CEO Hoosain Karjieker and director Thembisa Fakude. Harlan Mandel, MDIF CEO says that although they are sad to be exiting such…