Welkom Yizani was incorporated on the 10th of July 2006 in South Africa and it is listed on the Johannesburg Stock Exchange. Welkom Yizani is the biggest black economic empowerment (BEE) share offer in the print media industry in South Africa. The principal activities of Welkom Yizani is to carry on with the main business of holding only Media24 Holdings Proprietary Limited ordinary shares, cash and such assets as is required and acquired by Media24 Holdings Proprietary Limited. Welkom Yizani is also meant to receive and distribute dividends and other distributions in terms of its holdings in Media24 Holdings Proprietary Limited and to provide a platform for over-the-counter trading of shares in Welkom Yizani Investments 2013. When the Welkom Yizani share offer was launched in September 2006, it was three times subscribed with approximately 107 000 applications received for 14,6 million Welkom Yizani ordinary shares. This provided the Welkom Yizani shares and Welkom Yizani share price a tremendous initial boost.

As a general rule, applicants who applied for more than 430 Welkom Yizani ordinary shares received at least 430 Welkom Yizani ordinary shares, with 85% of the applicants receiving the full number of shares they applied for. These South Africans are now Welkom Yizani shareholders who own a 15% stake in Media24 Holdings. As a subsidiary of Media24 Welkom Yizani’s stock worth and stock forecast performance will be determined by how good Media24 as the holding company does.

Welkom Yizani is the BBBEE component of Media24 Holdings Proprietary Limited, and as such any growth that Media24 as the mother company has or any growth strategies implemented and prove successful, these strategies will have an impact on Welkom Yizani shares and Welkom Yizani share price. According to Media24’s Annual Integrated Report, Novus Holdings, Media24’s JSE listed company whose activities are said to include, amongst others printing of all medium to long run requirements of magazines, educational materials and the manufacturing of tissue products among others. Has improved productivity and efficiencies in its core, while diversifying into new market segments. The Novus Holding portfolio expanded into tissue manufacturing, when it was able to buy Correll Tissue – and secured its first commercial contracts for the printing of wet glue labels for the fast-moving consumer goods market. Media24 as a group also grew its footprint on the rest of the continent. The group listed on the JSE Limited’s stock exchange (JSE) with the view to grow its printing, labelling and tissuebusinesses. This bodes well for Welkom Yizani as well.

Media24’s news division experienced a tough year, according to the group’s own chart and live forecasts and recorded considerable shortfalls in advertising and circulation revenues despite continued cost-cutting measures. Regardless, the group retained its leading advertising and circulation market share in the country, which bodes well for Welkom Yizani share dividends. City Press, the Sunday newspaper under the Media24 stable, contributed a large share of the division’s profit, while the group’s emerging market titles – notably Africa’s largest daily newspaper, Daily Sun, as well as South Africa’s second largest newspaper, Soccer Laduma, and Son – also showed good results, according to data recordings. During the year, Afrikaans news sites, Die Burger, Beeld, Volksblad and Rapport were consolidated to launch Netwerk24, a single paid-for digital destination offering the best of Afrikaans journalism online. The product was well received in the market and showed good subscriber uptake in its first year. Proving a smart capital investment. Media24’s lifestyle section (formerly called Magazines) had another good run thanks to timeous interventions to strip out costs and establish new revenue opportunities, such as events closely connected with its brands – Huisgenoot, YOU and DRUM set a new world record for the most ticket sales in history for the Days of the Dinosaur exhibition. Media24s total readership market share, will please Welkom Yizani share owners, it was stable at 80% — according to All Media and Products Survey (AMPS) and it improved the company’s leading print and digital circulation market shares among the industry’s top five.

Social media audiences grew by 47% year on year and access via tablets and mobile phones accounted for 73% of total access to its digital platforms. On the dot ensured its position as the market leader in ecommerce warehousing and fulfilment focusing on the apparel and homeware sector. The group bulked up its ecommerce warehouses in Cape Town and Johannesburg, extending its same-day delivery network to over 200 suburbs in metropolitan areas and signed up further large retail clients. The group also embarked on initiatives to realign the cost base and improve the distribution network to counter shrinking newspaper and magazine purchase data. Media24’s Books division retained its leading position in the South African trade publishing market, but experienced a tough year due to lack lustre trade sales, lower schoolbook orders in South Africa and Botswana, and the impact of rolling postal strikes. Via Afrika strengthened its digital leadership in basic education and acquired the local rights to TABTOR, a maths tutoring programme for tablets. Jonathan Ball Publishers successfully integrated the UK publishing company Little Brown Book Group into its existing operations and landed the US publisher Harlequin’s distribution in South Africa. NB Publishers grew ebook sales by more than 100%. Live online platform, 24.com remains South Africa’s leading news and entertainment portal and increased average daily page views across its media channels, from 3,6m to 7,2m over the past year, with gains mostly from mobile devices. News24 remains, till today the top-ranked free news app on both iOS and Android in Africa. The group expanded News24’s operation in Nigeria and is fast approaching a market top 10 position –this region is expected to outperform the South African audience base in the near future. Careers24, also provided a boost to Media24 stock as it showed excellent growth and became the market leader in South Africa in terms of daily unique browsers and page views early in 2015.

Revenue grew marginally to R8,3bn, but trading profit ended the year 52% lower than the previous year, on R247m. This however should not discourage trade in the Welkom Yizani shares, as Welkom Yizani, backed by the work and the investor confidence enjoyed by Media24, is a viable investment option for purchase and should reap profit for those who are putting their shares up for sale. As a result, Yizani shares are expected to continue providing healthy dividends.

Media and communications

Media and communications

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