• Subscribe to our newsletter
The Media Online
  • Home
  • MOST Awards
  • News
    • Awards
    • Media Mecca
  • Print
    • Newspapers
    • Magazines
    • Publishing
  • Broadcasting
    • TV
    • Radio
    • Cinema
    • Video
  • Digital
    • Mobile
    • Online
  • Agencies
    • Advertising
    • Media agency
    • Public Relations
  • OOH
    • Events
  • Research & Education
    • Research
    • Media Education
      • Media Mentor
  • Press Office
    • Press Office
    • TMO.Live Blog
    • Events
    • Jobs
No Result
View All Result
  • Home
  • MOST Awards
  • News
    • Awards
    • Media Mecca
  • Print
    • Newspapers
    • Magazines
    • Publishing
  • Broadcasting
    • TV
    • Radio
    • Cinema
    • Video
  • Digital
    • Mobile
    • Online
  • Agencies
    • Advertising
    • Media agency
    • Public Relations
  • OOH
    • Events
  • Research & Education
    • Research
    • Media Education
      • Media Mentor
  • Press Office
    • Press Office
    • TMO.Live Blog
    • Events
    • Jobs
No Result
View All Result
The Media Online
No Result
View All Result
Home News

Advertising Standards Authority of SA ordered to stop trading

by TMO Reporter
October 2, 2018
in News
0 0
0
Advertising Standards Authority of SA ordered to stop trading
Share on FacebookShare on Twitter

[BREAKING NEWS] The Advertising Standards Authority of South Africa has been put into liquidation and ordered to stop trading with immediate effect.

“Over the last year the ASA has restructured to reduce operating costs, re-established a funding system, increased its output and reduced its turnaround time,” said Gail Schimmel, the CEO of the ASA. “So this was initially a devastating blow.”

But, Schimmel said, the marketing, advertising and communications industries had made it clear that they were fully committed to self-regulation of commercial speech in order to protect consumers from misleading and potentially harmful advertising and will do whatever is necessary to preserve it.

“I think we will see a ‘phoenix rise from these ashes’, and I am excited about the future of advertising self-regulation,” said Schimmel, adding that consumer protection was at the “forefront of all our minds, and as an industry we will fight to ensure that this endures”.

A Notice of Liquidation will be issued against the ASA on Tuesday by Business Rescue Practitioners, Eripio. It followed a meeting of creditors during which SARS, the ASA’s principle creditor, unexpectedly rejected an offer to the creditors, triggering the liquidation.

“The ACA has always been fully supportive of the ASA and self-regulation, and our profession will work together with other likeminded stakeholders to ensure legal, decent, honest and truthful advertising content, in line with international best practice,” said Mike Gendel, director on the board of the Association for Communication and Advertising.

Chris Borain, chairperson of the Interactive Advertising Bureau of South Africa, said the growth of the digital market had “created an important need for self-regulation in this space. The IAB remains committed to the values represented by the ASA, and will join with industry to ensure the continuation of self-regulation.”

Schimmel said “exciting new developments” would be announced within the next few weeks.

The ASA has been beset with problems over the past few years, as highlighted by the series of stories on the unfolding crisis and attempts to revive the organisation and solve its funding issues.

Read more: ASA undergoes radical restructuring 

Read more: Is a levy system the right way to fund the ASA?

Read more: ASA in business rescue. What next for the regulator?

Read more: Toothless and moneyless: Has the ad industry handed control of the ASA to govt?

Read more: Is the ASA overreaching its powers?

Read more: Has the ASA lost the plot?

Read more: ASA: Crisis, what crisis?


 

Tags: ACAAdvertising Standards Authority of SAASAChris BorainGail SchimmelliquidationSARS

TMO Reporter

Follow Us

  • twitter
  • threads
  • Trending
  • Comments
  • Latest
Kelders van Geheime: The characters are here

Kelders van Geheime: The characters are here

March 22, 2024
Dissecting the LSM 7-10 market

Dissecting the LSM 7-10 market

May 17, 2023
Keri Miller sets the record straight after being axed from ECR

Keri Miller sets the record straight after being axed from ECR

April 23, 2023
Getting to know the ES SEMs 8-10 (Part 1)

Getting to know the ES SEMs 8-10 (Part 1)

February 22, 2018
Sowetan proves that sex still sells

Sowetan proves that sex still sells

105
It’s black. It’s beautiful. It’s ours.

Exclusive: Haffajee draws a line in the sand over racism

98
The Property Magazine and Media Nova go supernova

The Property Magazine and Media Nova go supernova

44
Warrant of arrest authorised for Media Nova’s Vaughan

Warrant of arrest authorised for Media Nova’s Vaughan

41
South Africa’s commerce media moment has arrived

South Africa’s commerce media moment has arrived

May 30, 2025
Seven Days on Social Media: Child Protection Week, #MyDisappointment and a soppy seal

Seven Days on Social Media: Child Protection Week, #MyDisappointment and a soppy seal

May 30, 2025
Navigating the AI tide without losing our humanity

Navigating the AI tide without losing our humanity

May 29, 2025
The marketing mission remains clear

The marketing mission remains clear

May 29, 2025

Recent News

South Africa’s commerce media moment has arrived

South Africa’s commerce media moment has arrived

May 30, 2025
Seven Days on Social Media: Child Protection Week, #MyDisappointment and a soppy seal

Seven Days on Social Media: Child Protection Week, #MyDisappointment and a soppy seal

May 30, 2025
Navigating the AI tide without losing our humanity

Navigating the AI tide without losing our humanity

May 29, 2025
The marketing mission remains clear

The marketing mission remains clear

May 29, 2025

ABOUT US

The Media Online is the definitive online point of reference for South Africa’s media industry offering relevant, focused and topical news on the media sector. We deliver up-to-date industry insights, guest columns, case studies, content from local and global contributors, news, views and interviews on a daily basis as well as providing an online home for The Media magazine’s content, which is posted on a monthly basis.

Follow Us

  • twitter
  • threads

ARENA HOLDING

Editor: Glenda Nevill
glenda.nevill@cybersmart.co.za
Sales and Advertising:
Tarin-Lee Watts
wattst@arena.africa
Download our rate card

OUR NETWORK

TimesLIVE
Sunday Times
SowetanLIVE
BusinessLIVE
Business Day
Financial Mail
HeraldLIVE
DispatchLIVE
Wanted Online
SA Home Owner
Business Media MAGS
Arena Events

NEWSLETTER SUBSCRIPTION

 
Subscribe
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2015 - 2023 The Media Online. All rights reserved. Part of Arena Holdings (Pty) Ltd

No Result
View All Result
  • Home
  • MOST Awards
  • News
    • Awards
    • Media Mecca
  • Print
    • Newspapers
    • Magazines
    • Publishing
  • Broadcasting
    • TV
    • Radio
    • Cinema
    • Video
  • Digital
    • Mobile
    • Online
  • Agencies
    • Advertising
    • Media agency
    • Public Relations
  • OOH
    • Events
  • Research & Education
    • Research
    • Media Education
      • Media Mentor
  • Press Office
    • Press Office
    • TMO.Live Blog
    • Events
    • Jobs

Copyright © 2015 - 2023 The Media Online. All rights reserved. Part of Arena Holdings (Pty) Ltd

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?