Bosasa goes under as banks ditch company linked to State Capture

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By Rebecca Davis

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 voluntary liquidation as a result of local banks closing its accounts due to “extensive reputational damage” – for which it blames the media.

 

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