Bosasa, which now trades as African Global Operations, is undergoing voluntary liquidation following a decision by the group’s bank to close all the company’s bank accounts for fear of “reputational damage”.
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Bosasa to close after banks pull outThe company, which is embroiled in allegations of state capture, has gone into voluntarily liquidation following the closing of its bank accounts
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Bosasa goes under as banks ditch company linked to Stat...It’s the end of the road for African Global Operations: the company formerly known as Bosasa, and made notorious by the testimony of ex-executive Angelo Agrizzi at the Zondo Commission. A statement released on Monday and signed by chairperson Joe Gumede said that the company was entering volu...
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