Financial Times to begin printing in South Africa

London - The Financial Times began printing its international edition in South Africa this week at Caxton Printers in Johannesburg. The FT will be available on the morning of publication to the Gauteng region, allowing the business community of both Johannesburg and Pretoria to benefit from the FT's global business and financial news.

The new print site is expected to boost the circulation of the global business newspaper within South Africa. In February 2002 the FT launched a daily digital version to test the South African market and in response to customer demand offset printing has now begun.

The Financial Times now prints in 21 cities around the world, these are; Atlanta, Boston, Chicago, Dallas, Dubai, Frankfurt, Hong Kong, Johannesburg, Leeds, London, Los Angeles, Madrid, Miami, Milan, New York, Paris, San Francisco, Seoul, Singapore, Stockholm and Tokyo.

Zach Leonard, Managing Director of Europe, the Middle East and Africa commented:  "Given the increase in sales of the Financial Times in South Africa and the ever growing popularity of FT.com we felt the need to offer our customers a better service. This move to offset printing will make the newspaper available on the morning of publication in the Guateng region, and make it more accessible to the rest of the South African business community."

Notes

The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people.  The FT Group includes:

  1. The Financial Times, one of the world's leading business newspapers, recognised internationally for its authority, integrity and accuracy.  Providing extensive news, comment and analysis, the newspaper is printed in 21 cities across the globe, has a daily circulation of over 460,000 and a readership of more than 1.6 million people worldwide.
  2. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper. Since its relaunch in May 2002, the website has continued to be the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 3.8 million unique monthly visitors, generating over 65 million page views and has over 57 000 subscribers. FT.com broke even in December 2002.
  3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr, and Spain's leading business newspaper and website, Expansion and expansiondirecto.es.  In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.
  4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors.  Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
  5. FT Business, which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
  6. The Financial Times Group also has a stake in a number of joint ventures, including;
    • FTSE International, a joint venture with the London Stock Exchange.
    • Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
    • A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
    • A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.

The FT Group is part of Pearson plc, the international media group.

Further information

Lucy Ellison on +44 (0)20 7873 3119 or

 

Joanna Manning-Cooper on +44 (0)20 7873 4447