Johannesburg - 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.
"It is with deep regret that the board of directors announces the closure of African Global Operations group of companies," the company said in a statement signed by director Johannes Gumede.
"We received formal notification from our financial institution of the decision to distance itself from the group and as a result, the closure of all the entities bank accounts on or before 28 February 2019."
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.
Agrizzi detailed how Bosasa co-founder and chief executive, Gavin Watson, allegedly paid cash bribes to multitudes of government officials and politicians in order to curry favour for his company to win lucrative tenders in government.