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South African media group buys stake in two radio stations

Radio Africa Group managing director Patrick Quarcoo speaks during a past event. FILE PHOTO | NATION MEDIA GROUP

South Africa’s Times Media Group, which owns a stake in Radio Africa, plans to invest in digital broadcasting and buy into two more radio stations in East Africa.

The Johannesburg Stock Exchange-listed company in June bought a 49 per cent stake in Radio Africa Group which owns Kiss FM, East FM, 105.5 FM, Radio Jambo, X FM and Classic 105 FM, Kiss TV and The Star newspaper.

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