'No plans to sell off eTV'

HCI says there are no plans to sell off the free-to-air broadcaster.

HCI's John Copelyn breaks down during the AGM. He could not complete reading his statement. Picture: Carmel Loggenberg/EWN.

JOHANNESBURG - eTV's holding company, Hosken Consolidated Investments (HCI), says there are no plans to sell off the free-to-air broadcaster.

The broadcaster's former CEO Marcel Golding accused HCI of editorial interference after being suspended.

Golding accused HCI's single biggest shareholder, the South African Clothing and Textile Workers' Union (Sactwu), of trying to influence eTV broadcasts, including pro-Zuma government stories.

During an HCI Annual General Meeting (AGM), Golding's business partner John Copelyn addressed the issue as well as fears about HCI controlling the independent broadcaster.

"The chances of HCI spinning off its media assets at this point in time is close to zero. Would we change in future? Anything is possible in the future."


Golding unexpectedly pitched at HCI's AGM in Sea Point today and addressed board members for the last time.

He resigned on Monday after his Labour Court bid to overturn a suspension for buying shares without board approval failed.

Hot on the heels of eTV boss Golding's resignation, his wife and eTV Chief Operating Officer, Bronwyn Keene-Young, also handed in her resignation.

Golding was questioned at length by board members about his next move.

The burning question was whether he would be taking HCI to court for unfair dismissal.

A pensive Golding gave little away and simply stated he needed a break.

Golding left soon after addressing board members and gave longtime friend and former business partner John Copelyn a stern handshake before leaving the building.

Click here to view Bronwyn Keene-Young's letter to staff.

Click here to view John Copelyn's letter.