ENTERTAINMENT

People Are Inspired To Start Saving After Hearing How Much The Guptas Sold ANN7 For To Mzwanele Manyi

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21/08/2017 11:40 SAST | Updated 21/08/2017 12:57 SAST

When news broke that Mzwanele Manyi had acquired Gupta-owned media units ANN7 and The New Age on Monday morning, South Africans took to social media to congratulate him but some sought clarity -- others just wanted to understand.

Manyi, who is a former CEO of Government Communication and Information System (GCIS) and cabinet spokesperson, is reported to have bought ANN7 for R300m while The New Age was sold for R150m.

Messages of congratulations have poured in for Manyi, whom some have hailed a hero for "saving 7500 jobs" that would otherwise have been lost after the Bank of Baroda followed suit from South African local banks and closed all accounts belonging to Gupta-owned firms.

Taking to Twitter in true South African form, people also expressed shock at the realisation that Manyi had R450m somewhere on him.

Here are some of the reactions so far:

The agreement is expected to be concluded over the next few weeks, subject to any regulatory requirements, Oakbay said.