Umkhonto we Sizwe Military Veterans Association (MKMVA) welcomes sale of ANN7 and The New Age to Lodidox
22 August 2017
The Umkhonto we Sizwe Military Veterans Association (MKMVA) welcomes the sale of ANN7 and The New Age newspaper through Lodidox having acquired a majority shareholding in Infinity Media Networks.
This is a progressive move that ensures that two prime South African media assets (ANN7 and The New Age) are African owned, and will be able to continue to report in a truthful and progressive manner about the realities of South Africa. To our minds this sale ticks all the correct boxes with regards to Radical Socio-economic Transformation. It ensures Black Economic Empowerment (BEE) and secures the continued independence of two strong voices for the full economic empowerment of the majority of black (especially African) South Africans.
MKMVA knows the owner of Lodidox, Mr. Mzwanele Manyi, as a person who has consistently held and advocated progressive views in favour Radical Socio-economic Transformation and who is a steadfast opponent of White Monopoly Capital (WMC). Mr. Manyi has been a fearless proponent of these progressive views both in his personal capacity, and as the President of the Progressive Professionals Forum (PPF). MKMVA warmly congratulates him with this successful and progressive transaction.
MKMVA notes that the mainstream media already tries to cast aspersions on this transaction. This is simply a continuation of the biased and reactionary vilification campaign that the WMC mainstream media had been waging against ANN7 and The New Age for years. These WMC owned media have proved themselves to be intolerant of any views that challenge the continuation of White Monopoly control over the economy of South Africa. We are therefore not surprised by the immediate negative posture that they have taken, because a progressive business transaction of this nature, that secures a diversity of media voices and specifically an African owned and progressive (pro fundamental economic transformation) voice collides with the intentions of White Monopoly Capital to maintain their monolithic strangle grip on all media in the country. We know that they want to ensure that only their pro-white and exploitative monopoly capital messages are consumed by the public.