Bosasa liquidators granted leave to appeal decision to reverse liquidation
It is understood that Bosasa will launch an urgent application for an enforcement order pending appeal.
The liquidators said they are still consulting with their attorneys on which aspects of ruling to appeal.186 days ago
The directors of African Global Holdings, formerly know as Bosasa, argued that they were ill-advised and did not properly read the documentation before signing off on it.187 days ago
The board of the company, now known as African Global Operations, confirmed earlier this week that it had made the decision to voluntarily liquidate after its bank decided to close its accounts – citing reputational risk.210 days ago
The firm confirmed earlier on Monday that its two banking service providers decided to close their accounts by the end of this month, citing reputational risk.211 days ago