Less than a month afterBosasaannounced it was entering voluntary liquidation, it has turned to the courts to have that decision reversed, claiming it had been given bad advice.
The directors of African Global Operations, the company formerly known as Bosasa, filed an urgent application in the High Court in Johannesburg.
The company started its collapse when former chief operations officerAngelo Agrizzitestified at theZondo commission of inquiry.
The decision to liquidate was taken after the companys banks announced they would close its accounts at the end of last month, citing reputational risk.
In an affidavit, Bosasa board chairman Johannes Gumede said the board did not properly read the legal documents prepared to it by a legal consultant…
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