However this decision includes only these 66 journalists, and consultations will continue with the rest of the staff affected by the proposed restructurings and divestitures at Media24.
Ishmet Davidson, CEO of Media24 confirms the Media24 Board has approved the decision.
“This follows robust discussions and debates with our editors that went beyond the transition from ink on paper to digital in line with irreversible consumer trends and preferences.
“From the outset, Media24 undertook to keep job losses – particularly of our journalists – to a minimum and this is an important breakthrough in our consultations with staff around the proposed closures of the print editions of Beeld, City Press, Daily Sun and Rapport.
”Retaining the newspaper journalists will give their digital newsrooms the best chance at continued success in producing journalism which holds truth to account and protects our fragile democracy.
“While this decision holds cost implications, we firmly believe it is an important investment in and commitment to the future of quality journalism.
"I firmly believe this is a solution that serves journalism at large," he says.
At the same time, Media24 also announced that Beeld is no longer for sale.
“Although we anticipate that the PDF versions of Beeld and Volksblad will no longer be available, the teams are working on plans to provide a digital presence for these historical and beloved brands on Netwerk24, explains Davidson.
Davidson also reiterated that no restructuring or title closures will commence prior to approval by the Competition Commission of the proposed sale of On the Dot, its media logistics operation, the community newspaper portfolio and Soccer Laduma/Kick Off to Novus Holdings.
“We will be filing our application shortly and expect a decision from the Commission by the end of October 2024.”
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