Google to Pay Millions to South African News Outlets: Watchdog

Competition Commission unveils R688 million media support package to revitalise SA news industry

The Competition Commission's final report on digital platforms introduces a R688 million support package from Google and binding remedies for tech giants to ensure fair compensation for South African media. The landmark agreement aims to reverse declining revenues and support national, community, and vernacular news outlets.

Google to pay millions to South African news outlets: Watchdog

Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday.

Google to pay $40m to local South African media following anti competition probe

Google has committed a $40 million funding package (approximately R688 million) to support the revival of South Africa’s struggling news media. This decision follows a significant inquiry by the country’s Competition Commission. The funding package comes just months after South Africa’s regulator accused Google of dominating the country’s digital advertising market and “extracting disproportionate value” from news publishers. According to the Co…

What are the key remedies in South Africa’s antitrust probe involving Google?

JOHANNESBURG :South Africa’s Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance. The report highlighted how global digital platforms have eroded traditional media revenues, with Alphabet’s Google and YouTube, Facebook owner Meta, Microsoft, TikTok, El…

Google, YouTube to pour R688m into SA’s media sector

The Competition Commission orders Google and YouTube to invest R688 million in the local media industry, as revenue-share compensation.