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The VBS Mutual Bank saga took another twist on Monday when it emerged that the newspaper business of staunch Jacob Zuma supporter Mzwanele Manyi, which he bought from the Gupta family, banked with the lender that failed due to alleged fraud by its directors. In court papers asking for TNA Media to be urgently placed under provisional liquidation, Manyi said the company’s operational bank accounts were held with VBS, which was placed under curatorship in March, and the freezing of all its operation’s accounts by the bank had "severely affected" the business. The liquidation only referred to the newspaper, the former The New Age, most recently known as AfroVoice. The last edition was printed on June 29. Manyi’s AfroTone Media Holdings also owns the 24-hour news channel Afro Worldview (formerly ANN7), which is held under Infinity Media and is not affected. However, Afro Worldview’s contract with MultiChoice, which allows it to be carried on DStv, expires in August 2018. AfroTone has ma...

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