It pains us in the media fraternity to learn of the complete shutting down of Ndalo Media, the company that has been bringing us Destiny, Destiny Man magazines, DestinyConnect and ELLE Magazines.
Ndalo Media is one of the few successfully black owned Media company in South Africa and it was founded by Kanyi Dhlomo who cut her teeth at True Love Magazine.
The Comapny (ndalo Media) started experiencing financial difficulties earlier this year, this after it failed to pay for its printing debt of R13m with CTP Printers. The debt prompted CTP Printers to haul the company before the Gauteng South High Court to force it to fork out the money.
Now staff have been briefed by Kanyi Dlomo herself about the winding down of the company before month end of January 2019. But she has promised to ensure that staff' salaries are paid and everybody is prioritised regarding the monies.
It is so disappointing and frightening to learn of another failure of a black owned entity at the behest of our economy. Just when so much encouragement is placed upon young people to start their own businesses, a business owned by a successful, educated female entrepreneur falls down so hard. Even thou nobody really knows the real reason for Ndalo Media's downfall, But it is painful that such a promising company has to face this setback. Now we have an additional number of unemployed youth and adults who will be joining the queer of job searches. How sad a situation that our country has to face at such a delicate time.
We can only pray and hope that somebody out there will come at the rescue of Khanyi's Ndalo Media and save those jobs before the end of January, 29th, 2019.
