• Privatisation tweet

    A probe into a tweet by Tesla chairperson and CEO Elon Musk may open pandora's box.

  • State Capture Inquiry

    Nedbank says ex-Mining Minister Mosebenzi Zwane sought to keep Gupta accounts open.

  • Tighter rules

    'Corporate scandals, rumours and innuendo' has prompted the JSE to plan new listing rules.

Loading...

Afro Voice newspaper, formerly The New Age, set to shut

Jun 29 2018 10:15
Paul Vecchiatto, Bloomberg

South Africa’s Afro Voice newspaper will publish its last edition on Friday, less than a year after the Gupta family sold the publication’s publisher to an ally of former President Jacob Zuma, according to two people familiar with the matter.

Staff of the newspaper, formerly known as The New Age and re-branded in April, were told about the decision at the company’s head office in Johannesburg on Thursday, said the people, who asked not to be identified because the information isn’t public.

The staff have been told to take a month’s leave, pending a final decision, said the people.

Oakbay Investments Ltd, which was owned by the Guptas, a family who are friends with Zuma and in business with one of his sons, sold the paper to Mzwanele Manyi in August.

Manyi, a former government spokesperson, is a regular political commentator and has been one of the most prominent supporters of the campaign against so-called "white monopoly capital", advocated by Zuma.

Manyi was said to be unavailable for comment when a call to his phone was answered.

The Gupta family, headed by three brothers, left South Africa earlier this year. They have been accused of using their political connections to influence government decisions and loot state coffers. Zuma and the Guptas has denied wrongdoing.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think of President Cyril Ramaphosa's economic stimulus plan?

Previous results · Suggest a vote

Loading...