No company for old men

Noseweek Issue #215, 1st September 2017   


No company for old men

Secrecy and fury as Tiso Blackstar’s Bonamour pays off the rebel pensioners.

There’s been a secret settlement in the long-running legal battle between Times Media Group – now renamed Tiso Blackstar – and 51 of its pensioners over their frozen medical aid subsidies (noses189; 191). Although Andrew Bonamour, chief executive of the newspaper publishing group, insisted on a strict confidentiality clause, Noseweek can reveal that the group has shelled out well over R10 million to the old- timers. Individual payouts (the biggest secret) range from R96,000 to R384,000.

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