A strategic review of the exhibitions and events business informed Kagiso Media’s decision to wind down the business by disposing of assets. In May 2009, the group disposed of its 50% shareholding in the Johannesburg International Motor Show to the National Association of Automobile Manufacturers of South Africa (NAAMSA).

The division has also divested of its other exhibition-related assets, with the exception, by arrangement, of a contract with South African Tourism which expires in 2010.

Mobil Alliance

Mobil Alliance in contrast, delivered revenue of R5,0m (2008: R0,7m) and returned to profitability, contributing profits of R1,0m to the group. It is still positioned to extract some benefits related to the FIFA 2010 Soccer World Cup.