Newspaper mogul throws a Survé ball at his news agency employees.
At the end of October, Iqbal Survé will close down the domestic newswire service of the African News Agency (ANA) he founded four years ago when the South African Press Association (Sapa) collapsed. The demise of ANA is a telling footnote in Survé’s desperate fight against creditors, fiscal authorities and the Mpati Commission of Inquiry into the Public Investment Corporation (PIC). His aides have been spinning it with claims that the company is to be transformed into a “content curation and syndication platform with global reach”.
Whether Survé truly believes that the venture can successfully compete with Bloomberg and Reuters, without producing a paragraph of original content, is moot. Nobody else does.