The African News Agency News (ANA News) was launched in 2015 after Sekunjalo Investment Holdings acquired the former independent national wire service, South African Press Association (SAPA). ANA News, in turn, employed former SAPA employees after its launch.
ANA News says that the appetite for African-centred content curation to the world, and across Africa, has grown significantly. The company says that it is 'optimistic' as this leads to long-term prospects and business development for the agency.
However, ANA News says that these prospects have not been mirrored in South Africa. The 'constant pressure' on the syndication business industry, declining revenues, increasing costs and continued competition in the traditional and syndication media space, has led ANA News to review business efficiencies and reposition its current business.
As a result, and in accordance with the law, ANA News will shortly begin Section 189 discussions with employees in the South African office. The agency will aim to ascertain possible re-positioning of staff and to mitigate circumstances 'so far as possible'. Affected parties have been issued with a comprehensive explanation as to the reasons behind the agency's decision.
For more information, visit www.africannewsagency.com.
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.*Image courtesy of ANA News