The AfroVoice newspaper (formerly known as The New Age) is being shut down with immediate effect.
Afrotone media boss Mzwanele Manyi reportedly told staff in a meeting on Thursday.
In 2017 Manyi acquired the publication and TV news channel ANN7 from the controversial Gupta family.
Deputy editor at Financial Mail Sikonathi Mantshantsha shared his take on the news on Breakfast with Kieno Kammies.
Mzwanele Manyi can continue to pretend being a businessman, he is closing shop.— Sikonathi Mantshantsha, Deputy Editor at Financial Mail
The Guptas are gone because they have taken all the money so there is no reason for the New Age to exist. We are waiting for the TV station to close shop as well in August.— Sikonathi Mantshantsha, Deputy Editor at Financial Mail
Of course we are not celebrating the loss of jobs, but the owners came here for a certain mission and now the mission is accomplished, hundreds of millions of South African money is gone and now they can close shop.— Sikonathi Mantshantsha, Deputy Editor at Financial Mail
According to reports, staff at the paper were told late on Thursday afternoon to stay home until further notice, that the paper would shut down at the end of June.
They were also told they would be paid their salaries for July.
To hear the rest of the conversation with Sikonathi Mantshantsha, listen below:
This article first appeared on CapeTalk : New Age to shut down - is ANN7 next?