Financial Mail editor resigns

Financial Mail editor Barney Mthombothi has resigned from the weekly magazine after eight years at its helm, according to a report on Wednesday.

Mthombothi told staff during a meeting on Wednesday morning that his last day was on Friday, the Business Day reported on its website.

"I just want to thank you for co-operation. I am very sad but it's time to go; I have been here for too long," it quoted him as saying.

Business Day Financial Mail publisher Peter Bruce said: "We greatly regret losing a colleague of this calibre. We wish Barney only the very best and we will jealously guard the integrity with which he edited the Financial Mail."

During his career Mthombothi received a Reuters Fellowship at Oxford in 1986 and the Nieman Fellowship at Harvard University in the US in 1994.

He also worked for the BBC News Service in London, the Business Day reported.

Mthombothi was editor of the Sunday Tribune in KwaZulu-Natal prior to taking over at the Financial Mail. He was also a former editor-in-chief of SABC Radio News, assistant editor of The Star, and day editor of the Sowetan.