Shakantu completes Times E350 million takeover

 


Michello Shakantu, the Chairman of Inyatsi Group Holdings has completed the purchase of the Times of Eswatini believed to be in the region of E350 million.

From today, April 1, 2025, The Times, Eswatini’s longest surviving company having been established in 1857 will be added to a long list of companies under Inyatsi Group Holdings.

The Inyatsi Group Holdings deal is believed to be in the region of E350 million. Monday March 31, 2025 was the last day in the office for the Times of Eswatini previous owner Paul Loffler, putting to an end decades of a family business that has survived the test of times.

The purchase figure of E350 million includes the whole business, the business area it operates in at Shiffield Road in Mbabane and the inhouse printing division.

The Times Group of Newspapers has four publications, the Times of Eswatini (daily copy), Eswatini News (Saturday edition), the Times Sunday and What's Happening, a monthly newspaper that focuses on the tourism aspect of the country.

Over the years, sales have drastically dropped at the Times from a 30 000 daily print order about 15 years ago to just 12 000 in recent months as a result of the emerging social media outlets.

The Times of Eswatini is now the 15th company under Inyatsi Group Holdings portfolio. The other companies include Eswatini Mobile, Infra Cast, Ludwala Insurance,Inyatsi Construction, Embiveni Meats, The Clinic Group and Maloma Coaliary among others.

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