BREAKING: Bosasa confirms its liquidation after banks pull out

If the foundations are not correct, whatsoever is built on it will eventually come down to the ground into ruins, it's all about the foundations, the beginning of things. Wrong foundations can't sustain anything in life, they never have - they never will !

What a way to get rid of the problem! Exactly what they did to the Guptas... Just to give it back two year's later...

An emphatic pyrrhic victory for South Africa. Where mourning is greater that celebration. Lord save the 4000+ workes who are about to lose their livelihood. Bosasa

An emphatic pyrrhic victory for South Africa. Where mourning is greater that celebration. Lord save the 4000+ workes who are about to lose their livelihood.

In the light of how banks closed accounts of guptas now Bosasa, when will they close account of MYANC?

I wonder how much of the money from this company has been moved offshore 🤔 charge and arrest this bastard and throw away the Keys🤬

Who had his back before 2009? MamaAction_RSA was not doing it alone

Where's Wally Watson?

It is the bigwigs of Bosasa's own fault. To late now to try and blame somebody else. Blameshifting are not going to work this time

Rhubarb rhubarb rhubarb allegedly hiding their assets and cutting their losses. Nothing has happened to the Guptas so suspect nothing will happen to the Bosasa officials - except maybe the scapegoat

Skelms..the face of white monopoly capital and their black african bbbee partners.

I feel sorry for employees who had nothing to do with this

It is not his fault alone. Who enabled him to reach this point? Our Politicians sitting in mansions or having 3 or 4 houses, taking bribes at the expense of their voters living in shacks and have no food

ferialhaffajee Now Bosasa understand how Guptas felt when the banks were pulling out

ferialhaffajee Watson bemoans the fact that approximately 4500 people will be affected by the closing of Bosasa. This is his fault alone and he shouldn’t put the blame at the steps of the Banks.

What were the banks doing for the last 10 years? The banks should pay back all the fees and charges they processed on these funds.

Good. I'm sure they hid lots of money overseas though. Dishonest dealings eventually catch up to everyone involved. Agrizzi should be let free though in exchange for more testimonies. Arresting him was just to shut him up. Everyone in SA deserves the truth.

Its ok they can use my bank account and pay me commission fees. I need the money!😁

They had no other option. Bosasa

What a poorly written, self-serving and imaginative piece of politicized puff.

Please direct us to the actual banks statements to corroborate this PR exercise AdriaanBasson & News24 team has become for CorporateSA. This hearsay, non factual reporting is so 2018.

And why are there no arrest yet Department of Correctional Services is a mess because off this people. The Department owes there members a lots money that they don't known how to pay them back up millions of Rand.They must get the money from Busasa and pay the members.

Statement somehow manipulative and guilt tripping, but I guess it’s the only way they could communicate the impact this will have 💔

No jail time as yet we waiting

Prof This thing of Banks colluding to Close accounts of people or companies who haven't even been found guilty of a crime in a court of law doesn't sit well with me...Has it been tested in the ConCourt?....

These bloody agents have a special place in hell waiting for them. 4500 will lose their jobs due to these creatures! Watson’s must be held accountable and their part in the struggle removed from history!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

African Global announces voluntary liquidation after bank closes accountAfrican Global, the company formerly known as Bosasa, has announced the voluntary liquidation of the African Global Operations Group of Companies.
Source: ewnupdates - 🏆 30. / 53 Read more »

BREAKING NEWS: 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
Source: BDliveSA - 🏆 12. / 63 Read more »

Bosasa to close after being ditched by SA banksThe company, which is embroiled in allegations of state capture, has gone into voluntarily liquidation following the closing of its bank accounts
Source: TimesLIVE - 🏆 28. / 59 Read more »

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 Shame now Mrs Mokonyane braai pack charity has come to an end. Mr Mantashe oversized suite cancelled. uBaba Nxamalala 300k per month stopped just like that. Lots of ppl will have a bad knock with this decision. Then again it happen to all of us, sisonke ma comrades ningakhali!
Source: SowetanLIVE - 🏆 13. / 63 Read more »

BREAKING: FNB, Absa close Bosasa bank accountsLike with the Guptas, the banks have turned against company implicated in state capture. Finally Good!!! Looks like they enjoyed a few good lunches!!! 😤😡🤔
Source: News24 - 🏆 4. / 80 Read more »

Bosasa files for voluntary liquidation after banks close accounts | IOL NewsAfrican Global Operations, formerly Bosasa Operations, announced that its group of companies were filing for voluntary liquidation following the closure of bank accounts and this would lead to 4 500 job losses.
Source: IOL - 🏆 46. / 51 Read more »

EXCLUSIVE: SA banks ditch BosasaThe company says about 4 500 employees will lose their jobs, along with over 3 000 contractors. About time Bosasa Why only now? They knew long time ago of Bosasa illegal activities Took them long enough
Source: eNCA - 🏆 49. / 51 Read more »

Bosasa dropped by banks, forced to apply for liquidationFNB and Absa have reportedly notified the controversial company that their accounts will be closed. Here is the corrupt Bosasa pic. You're welcome Zuma was not implicated in this mess. The media uses his picture not Mantashe, Smith etc. I am scared, we are going to be shot to accept that Zuma is corrupt when we can see is not.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

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... becsplanb Agrizzi’s life may be in big danger after this. Some may feel he destroyed their livelihood. becsplanb MYANC Political Elites and Connected sure to be braking legs to feed at the Trough-Just watch which Company will take over at BOSASA.They promise EVERYTHING for free because thats how they get their money.Huge salaries & perk PLUS their ENVELOPES💼💰💰Raining money
Source: dailymaverick - 🏆 3. / 84 Read more »

DEVELOPING: Fallout from Bosasa bribery, corruption scandal following state capture revelationsFNB and Absa have informed facilities management group Bosasa that their accounts would be closed, following the arrests of company execs and correctional services officials in the wake of state capture revelations at the Zondo commission.
Source: News24 - 🏆 4. / 80 Read more »