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
The business unit, which is 50% owned, has the management contract for the Sharks digital advertising within the Kings Park stadium and performed well in 2011. It recently secured the rights to manage the contract for another national team in South Africa and is pursuing an additional rugby franchise.
