R688MILLION FUNDING ONLINE MEDIA IN SOUTH AFRICA
KASIBC_AFRICA©®™ CHANON LECODEY MERRICKS ONLINE_EDITOR©®™ R688MILLION FUNDING ONLINE MEDIA IN SOUTH AFRICA MEDIA AND DIGITAL PLATFORMS MARKET INQUIRY RELEASES FINAL REPORT The Media and Digital Platforms Market Inquiry (“MDPMI” or “Inquiry”) initiated under section 43B(1)(a) of the Competition Act , released its Final Report. The final report is a culmination of 24 months of extensive evidence gathering, five rounds of information requests, public and in-camera hearings, expert submissions, consultations with industry stakeholders, a consumer survey, a focus group, and a provisional report process that enabled broader public input from media publishers, broadcasters, the digital platforms themselves, and academia. The final report underscores how news media is essential for democracy, serving as the cornerstone of public accountability and informed citizens. Yet, the global transition to digital platforms has severely undermined traditional revenue models and has eroded ...