Manyi blames Zuma and the Gupta family for the liquidation of AfroVoice

Manyi blames Zuma and the Gupta family for the liquidation of AfroVoice

- Jacob Zuma and the Gupta family's bad publicity is to blame for the closing of AfroVoice newspaper, according to its owner Mzwanele Manyi

- Manyi wants the newspaper to be liquidated and feels there is no hope of saving it

- The newspaper has accumulated debt of more than R20 million by mid-2018

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The owner of the AfroVoice newspaper, Mzwanele Manyi, is blaming Jacob Zuma and the Gupta family for the downfall of the newspaper.

The Sowetan reports that Manyi feels the negative publicity around Zuma and his ties with the Gupta family influenced his newspaper.

Manyi and his directors were forced to end publication of the newspaper in June. The staff and journalists weren't given any warning about the sudden decision.

The businessman is applying for liquidation of the business along with six other directors of Afrotone Media Holdings.

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Manyi stated that the newspaper's income fell severely after the North West and Free State provinces stopped advertising in the publication.

According to him, the newspaper's revenue went from R5 million to only R250 000 in just four months.

Briefly.co.za earlier reported on how Manyi took over the newspaper from the Gupta family and changed the name from The New Age to AfroVoice. He paid R150 million for the newspaper.

Manyi added that there is no hope of saving the newspaper and it has built up debt of around R23 million at the end of June.

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Source: Briefly.co.za

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