Noseweek Claims Argus / Auction Alliance Had Secret Deal

28 Jun 2012 by Jasmine Stone in Business, Media

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Wow, I don’t know if you have the latest issue of Noseweek handy, but there is a very spicy story inside. They (Noseweek) are claiming that Independent Newspapers hid a story from publication, because Auction Alliance had power over them, due to a kickback they (Argus – Independent Newspapers) had received.

Here is an excerpt:

Levitt and his lawyers thought they had a good chance of stopping the Argus from publishing because he held a secret trump card: if pressed, Levitt could reveal that Argus management had themselves negotiated a secret R1 million-plus kickback from him on the sale of their two Cape Town buildings, barely a year before!

Incredible vibe!

Get a copy of Noseweek to read the rest!

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