End of road for Mzwanele Manyi’s paper
The publication has been placed under provisional liquidation as Manyi claims the cash-strapped business is commercially insolvent
Mzwanele Manyi’s TNA Media, trading as AfroVoice — formerly the Gupta-owned The New Age newspaper — has been placed under provisional liquidation. The High Court in Pretoria on Tuesday granted a provisional liquidation order for the company, which is claimed to be commercially insolvent. The application was lodged by Manyi’s AfroTone Media, the holding company, and its directors. Manyi acquired the Guptas’ media interests late in 2017. The liquidation only affects the newspaper, which has already closed. It printed its last edition on June 29. AfroTone Media Holdings also owns 24-hour news channel Afro Worldview (formerly ANN7). Afro Worldview’s contract with MultiChoice, which allows it to be carried on DStv, expires in August. AfroTone has made a bid for a new 24-hour, black-owned news channel. The Gupta-owned news channel and newspaper supported Jacob Zuma and relied heavily on government advertising and the controversial “business breakfasts” carried on SABC. The former presiden...
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