A multimillion-euro facilities management company that has been implicated in a massive public sector corruption scandal in South Africa has gone into voluntary liquidation because local banks have closed all its accounts.
On Monday, African Global Operations, which traded under the name Bosasa, said in a statement released by its chairman Joe Gumede that extensive reputational damage had prompted two local banks to act against the group.
While the company had tried to open new bank accounts in South Africa and abroad,…
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