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R7 -M BOOST FOR MEDIA COMPANY

Johannesburg Stock Exchange Securities-listed Hosken Consolidated Investments (HCI) has injected R7 million into media company Three Blind Mice (tbm), increasing its stake from 51 to 68,2 percent. The major shareholders and beneficiaries in HCI are the National Union of Mineworkers (Num) and the South African Clothing and Textile Workers Union (Sactwu). tbm is 68.2 percent owned and controlled by the Limitless Angel Fund, which is 80 percent held by HCI. tbm has established an electronic media and telecommunications company that exploits the convergence of media, telecommunications and IT and the advent of digital technology. The establishment of a “digital highway” for the delivery of rich media content forms the base infrastructure from which two businesses are run, tbm Media business and tbm Content Distribution business. tbm’s head office is based in Johannesburg, with branches in Cape Town and Durban supporting sales, site owner relationship and maintenance functions. The tbm system, a world first, has been developed locally by South Africans. The tbm media business offers advertisers a cost effective visual advertising solution at over 700 sites across South Africa.

Source: City Press