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SowetanLive reports that the ANC has called on banks to keep the accounts of Bosasa open to allow employees to receive their salaries.
This came after FNB and Absa decided to shut down the banking accounts of the controversial company at the end of the month. Bosasa has been at the heart of controversy recently after its former top executives testified at the state capture inquiry about the extent of corruption at the company, including paying bribes, some to ANC and government officials, in exchange for tenders. ANC acting spokesperson Dakota Legoete said on Tuesday that the interest of the ruling party in respect of the closure of the bank accounts was the workers. "What we can do is to try to lobby them [banks] to allow accounts of this company to operate so that they can pay their liability, in particular salaries of their staff members," Legoete said. He went on to state: "We have serious limitations but our concern is that whoever is a director or board member of that company must assist to make sure the workers do not sleep without food on the table." Statements from FNB and Absa confirmed that the banks had informed Bosasa that their accounts would be closed on or by 28 February. They cited reputational risk as their reason for cutting ties with the services company.
- Read Penwell Dlamini’s original report on this story in full at SowetanLive
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