Manyi blasts ANC as he drops the party for ATM
It's official, Gupta vendor finance beneficiary Mzwanele Manyi has found a new home in the African Transformation Movement (ATM).
The former cabinet spokesperson announced yesterday that he had left the "fatigued and captured" ANC for the ATM. He described 2018 as the year that "broke the camel's back" that pushed him out of the governing party.
According to Manyi, the ANC cannot be trusted as it has reneged on its own Nasrec conference resolutions.
He claimed the ANC was buying time on the land expropriation without compensation resolution while it abandoned the resolution to establish a state bank and nationalise the Reserve Bank.
"The ANC is tired. The ANC is fatigued. The ANC has reached a saturation point. The ANC has lost its hegemony. The ANC has lost its moral compass. The ANC is now actively reversing our gains," said Manyi.
"Let's allow the ANC to retire and usher in younger, fresh and uncaptured blood.
"... ATM is new and has no baggage of history of corruption or unfulfilled promises."
Manyi made headlines in 2017 when he bought Gupta-owned ANN7 TV station and The New Age newspaper for R450m through vendor financing. The media outlets were later shut down.
Former media owner Mzwanele Manyi held a media briefing on January 9 2019 to announce his move to a new political home, the African Transformation Movement (ATM). Here are 5 highlights from the briefing.