Browsing: Jimmy Manyi

Making sense of the Gupta media ‘exit’

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The big news of the day is that Mzwanele (Jimmy) Manyi has bought ANN7 and The New Age from the Guptas for a total consideration of R450m. Predictably, there has been an eruption of cynical comments and probing questions

Manyi deal may rescue ANN7 from banking crisis

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The sale of ANN7 and The New Age to a firm controlled by Mzwanele Manyi may allow the media assets to keep operating after the decision by banks to stop dealing with companies linked to the Guptas, a family who are

Manyi to buy Gupta media assets

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Controversial Gupta-aligned businessman Mzwanele Manyi is buying the Gupta-owned ANN7 and The New Age for R450m, it was revealed on Monday. A Manyi-owned company called Lodidox is buying Infinity Media

Minister pressured Nedbank on Guptas

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Nedbank said South African mines minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. Nedbank, in a letter

Hlaudi’s praise singers fail in court bid

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An attempt by two musicians’ rights groups, and Jimmy Manyi’s Decolonisation Foundation, to throw legal weight behind Hlaudi Motsoeneng failed in the Western Cape high court on Wednesday. The SA Musicians Association and the Independent Music

Treasury hunts fraud worth R230bn

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It’s South Africa’s equivalent to the proverbial $640 Pentagon toilet seat — a paper binding machine that the government buys from its suppliers for the rand equivalent of almost R28 000, about 13 times what it costs in a store. Kenneth Brown, the nation’s 54-year-old

Jimmy Manyi blames business for economic rout

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The private sector is actually the culprit who is to blame for South Africa’s current economic problems, Mzwanele (Jimmy) Manyi, president of the Progressive Professionals Forum, claimed on Wednesday