UPDATE 1-S.Africa's Macozoma revives bid for media empire

Newswire

(Writes through) By Wambui Chege JOHANNESBURG, July 24 (Reuters) - Prominent businessman Saki Macozoma renewed his quest to create South Africa's biggest black-owned media group by launching an unsolicited bid to take over media group New Africa Investments Ltd (NAIL) . NAIL, which also has interests in financial services and car rental, said on Thursday a black-led consortium, including its CEO Macozoma's Safika Holdings, had made a firm offer to acquire 100 percent of NAIL's issued ...

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