How M-Net was started with R50,000

Ockie

Resident Lead Bender
Joined
Feb 16, 2008
Messages
50,919
Ja, but more like a million Rand in today's money. :)
 

Drunkard #1

Expert Member
Joined
Aug 15, 2007
Messages
3,668
After he was introduced to the concept by Bekker, Vosloo managed to convince the Naspers board to give him R50 000 to start M-Net.
“One had to have nerves of steel as the so-called hockey stick curve before becoming profitable was to be expected.”
So, R50 000, and sureties from your holding company to the tune of millions...
 

Ryansr

Expert Member
Joined
Jul 22, 2012
Messages
3,942
Weird that this article is published now during the court battle between Cliff and MNet. MNet never had real competition in the broadcasting industry during it's reign in the SA broadcasting industry.

It's also broadly perceived as one of the relics of the past. I f#%&# hate this company that has mostly become synonymous with privilege in the SA broadcasting industry. :(

They were there at the right time and bought out rights like nobody's business and they know they're dead in the water if they can let go of those "exclusive" rights that they've held for decades.

F&%@ balls MNet! :p
 
Last edited:

Milano

Honorary Master
Joined
Feb 7, 2004
Messages
13,894
+ Connections in high places to ensure they could operate without a license for x number of years.
 
Top