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    Manyi is the sole owner of Lodidox‚ the buyer of Guptas' media assets

    New Infinity Media owner Mzwanele Manyi has provided share certificates showing he is the sole shareholder of Lodidox‚ his company which has bought the Gupta's media assets.

    In a bizarre briefing with media at the ANN7 studios in Midrand‚ Johannesburg on Wednesday‚ Manyi said the application by some media houses to have his company information public was “unusual”.

    He said there was a “malicious narrative” around his acquisition of the Infinity Media and TNA.

    Journalists attending the briefing were made to sit in the ANN7 studio as guests while the television channel took the so-called briefing live.

    Last week Oakbay Investments announced its withdrawal from its media interests‚ selling its shareholding in Infinity Media and TNA to Lodidox and management‚ for a combined R450-million.

    Manyi seems to have grossly overpaid for Infinity Media‚ something has denied.

    Source: BDpro

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
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