‘Auction Of The Decade’ – Bosasa Assets Under The Hammer

The Bosasa empire is set to be dismantled piece by piece when its assets come under the hammer Wednesday.

Bosasa, renamed African Global Operations in 2017, and its subsidiary companies were placed under voluntary liquidation in February 2019 after two major banks indicated they would be closing the company’s accounts.

The closures came in the wake of damning evidence of large-scale corruption as told by former Bosasa chief operations officer Angelo Agrizzi testifying before the Zondo commission into state capture.

More than 140 cars, trucks and bakkies, furniture, computer equipment and high-end security equipment as well as industrial catering and kitchen equipment will be auctioned Park Village Auctions and Bidders Choice.

Most of the vehicles are passenger vehicles, fleet cars used by Bosasa’s physical security company – BlackRox Security Intelligence Service – and the company’s technical security arm,