The Board of Kagiso is pleased to announce the appointment of Mr KL Matseke as a non-executive director of the Company with effect from 1 July 2010.

Microsoft and listed media house Kagiso Media have signed a deal which will see Kagiso Media take over the running of the MSN portal in South Africa.

Interim results for the six months ended 31 December 2009.

"The strategy to diversify revenue streams, which was set in motion two years ago, enabled kagiso media to deliver growth despite the challenging market conditions. As the group continues to deliver, it will leverage its performance into the next economic upswing." Chief executive officer, Murphy Morobe.

"Although the economic landscape has changed markedly in the past year, Kagiso Media Limited’s performance for the year ended 30 June 2009 demonstrates the resilience of its business model, with total revenue increasing by 19% to R854,8m (2008: R715,9m). Operating profit improved by 9% to R294,3m (2008: R269,3m) as the group heightened its focus on cost management to defend margins across all of its asset classes." Non-executive chairperson, Maud Motanyane, reviews Kagiso Media’s performance.