WATCH: Hlaudi Motsoeneng announces his new party, the African Content Movement

The former SABC boss Hlaudi Mostoeneng has reportedly confirmed his legal tab was picked up by Bosasa

Former SABC chief operating officer Hlaudi Motsoeneng has announced his intention of launching a political party, going so far as to say he believes he has a chance of contesting the presidency in 2019 and that he doesn’t think Cyril Ramaphosa and the ANC can defeat him.

The party will be called the African Content Movement (ACM).

The former COO circulated an invitation to media, saying he had a “historical” announcement to make. It said the announcement was not just for journalists but for “all South Africans who demand real transformation”.

It also had a slogan, “the future is in your hands”.

You can watch the announcement live below, courtesy of the SABC. The Citizen is also tweeting live from the announcement.

Tweets by Simnikiwe Hlatshaneni / The Citizen