Guptas sell New Age and ANN7 to Mzwanele Manyi for R450m
'The sale will also allow the shareholder [the Gupta family] the time to focus on clearing its name in the face of unfounded media allegations'
21 August 2017 - 09:53
The Guptas have agreed to sell their shares in The New Age newspaper and ANN7 channel to Lodidox‚ owned by Mzwanele Jimmy Manyi‚ for R450 million. Oakbay Investments said in a press release: “The sale will also allow the shareholder [the Gupta family] the time to focus on clearing its name in the face of unfounded media allegations.”
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