For Creamer Media in Johannesburg, I’m Sane Dhlamini.

 

Making headlines: Bosasa files for voluntary liquidation, Treasury team and former DG Lungisa Fuzile to appear at State Capture Inquiry for further testimony And, SAA to be split into three

 

Bosasa files for voluntary liquidation

African Global Operations, formerly Bosasa Operations, on Monday 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.

Bosasa has been strongly implicated in corruption during the Zondo Commission of inquiry into allegations of State capture, with its former chief operations officer Angelo Agrizzi and other employees testifying about its payment of bribes.

Bosasa said the extent of reputational damage caused by these allegations had resulted in other local and international banks declining to open a trading account for the company. 

 

Treasury team and former DG Lungisa Fuzile to appear at State Capture Inquiry for further testimony

Former director-general of National Treasury Lungisa Fuzile, as well as other officials from the Treasury team, are expected to provide testimony at the judicial commission of inquiry into allegations of State capture today.

Last week, former ANC MPs Vytjie Mentor and Dennis Bloem appeared before the commission.

During her cross-examination on Tuesday, Mentor expressed concern about her role as a witness at the commission, saying the information presented to her by legal teams cross-examining her did not corroborate her version of events.

 

SAA to be split into three

Struggling State-owned airline, South African Airways is to break into three business units as part of a restructuring plan, its CEO Vuyani Jarana said today.

He said the firm – which has not made a profit since 2011 and was given a R5-billion bailout last year to shore up its balance sheet – will be split into domestic, regional and international business units, each with their own management.

That’s a roundup of news making headlines today

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