Latest news with #Kirsh
Eyewitness News
18-05-2025
- Business
- Eyewitness News
Primedia CEO pays tribute to Issie Kirsh
Commenting on Kirsh's passing, Primedia CEO Jonathan Procter has paid tribute to his legacy: "By launching 702 in 1980, Issie Kirsh pioneered independent radio in South Africa. 702 was more than just a radio station saying; it was also an independent platform for a diversity of voices, with its independent Eyewitness News Service reflecting all opinions in the South African debate at a time in the country's history when alternative voices were heavily censored or banned outright.' 'Issie Kirsh was an entrepreneur who saw an opportunity to create 702. At the time, it was the only independent commercial radio station in what is now Gauteng. 702 started as a music radio station that broke the mould: it was fun, popular, and a huge commercial success,' said Procter. 'When the SABC poached 702's on-air talent and moved their Top 40 station to FM, Kirsh changed 702 into the talk radio station it is today. Its enormous success was the foundation on which Primedia was built.' Issie Kirsh, together with his son William, founded Primedia, one of South Africa's largest media companies. Under Kirsh's leadership, Primedia expanded its reach and influence, investing in a diverse array of media companies. Commenting on Kirsh's legacy, Primedia CEO Jonathan Procter said, '702 was a pioneer in its day, launched as the 'Rainbow of Sound', it was aimed at all South Africans in a deeply divided country. 702, thanks to Issie, was ahead of its time. 702 today, remains in service of its audience and is a radio station for South Africans of all backgrounds. We owe the Issie and the Kirsh family a huge debt of gratitude for supporting independent news media. It is even more important today with the endless onslaught of vested interests and unverified news on independent journalism, which is a cornerstone of any successful democracy.' 'Issie Kirsh was deeply motivated by serving his audience. In the initial stages of 702, he opened a walk-in crisis centre in Hillbrow and a Help Line for its listeners. 702 continues with Issie's legacy, encouraging its listeners to join the station in walking the talk to make a positive and constructive difference.' 'Issie's legacy of serving the community and making a difference in society continues today through the various Primedia companies, and is spearheaded by our 'Primedia Cares' initiative,' commented Procter. 'Our company and country are richer for Issie's contribution and the conversations that he enabled; we share our heartfelt condolences with his family and friends,' concluded Procter.
AU Financial Review
28-04-2025
- Business
- AU Financial Review
South African billionaire in $1.9b play for Abacus Storage King
South African tycoon Nathan Kirsh has joined forces with New York-listed Public Storage in a takeover offer for Abacus Storage King that values the ASX-listed self-storage operator at around $1.93 billion. Through his family office Ki Corporation, Kirsh already controls 59.47 per cent of the register of Abacus Storage King – known by its ticker as ASK. That stake is both directly and indirectly, through Kirsh's substantial interest in Abacus Group, which manages ASK and retains a shareholding in it.
Bloomberg
08-04-2025
- Business
- Bloomberg
Billionaires Seek to Take Companies Private Amid Market Mayhem
For some of the world's wealthiest people, the bedlam in global markets has added greater urgency to take major portfolio companies private. As stock markets sank everywhere Monday, South Africa-born billionaire Natie Kirsh's investment company announced it had teamed up with US-listed Public Storage on a take-private deal for Abacus Storage King. Kirsh is the biggest shareholder in the Australian self-storage group, which the offer values at about A$1.9 billion ($1.1 billion). The 93-year-old businessman had a fortune estimated at $9.2 billion as of Monday, the Bloomberg Billionaires Index shows.
