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JSE-listed Afristrat not in a position to settle obligations

High court hears application to wind up company in which thousands of shareholders have invested.

South africaJienie michelle dreyerJean berdouJohnny klopperLuxembourg stock exchangeMybucks groupPretoria high courtStock exchange news service sensAfristrat investment holdingsEcsponent limitedCompanies actStock exchange news service

Afristrat has R1 2bn exposure to liquidated MyBucks Group

As disclosed in court papers opposing the provisional liquidation of Afristrat.

South africaSouth africanGeorge manyereJienie michelle dreyerOffice of the deputyAfrican police serviceStock exchange news service sensMybucks groupEcsponent limitedExchange news serviceSouth african police serviceDeputy judge president

BOTSWANA HIGH COURT BLOCKS PETITION TO PUT FIRST CRED ON LIQUIDATION

HOWEVER PLACES THE COMPANY UNDER JUDICIAL MANAGEMENT AS FORENSIC AUDITS UNEARTH BWP120 MILLION OF INVESTOR FUNDS INAPPROPRIATELY TAKEN OUT OF THE COMPANY BY FORMER MANAGEMENT BETWEEN 2017 AND 2019

Dudu garekweCompany onBotswana high courtBotswana stock exchangeAfristrat investment holdingsHigh courtMarket placeGetbucks botswanaAfristrat investment holdings limitedEcsponent limitedJudicial managementFirstcred limitedLions head

AFRISTRAT INVESTMENT HOLDINGS LIMITED – Business update on Afristrat s listed note and equity investment in FirstCred Limited Botswana - SENS

Sens announcement for AFRISTRAT INVESTMENT HOLDINGS LIMITED – Business update on Afristrat’s listed note and equity investment in FirstCred Limited Botswana - SENS

South africaRepublic of south africaMybucks saBond programme botswanaFirstcred limited botswanaBond programme memorandumCompany the boardBotswana high courtBotswana bond programmeGetbucks limited botswanaHigh courtFirstcred limitedIssuer codeLimited botswanaBond programmeEcsponent limited

JSE suspends trading in Afristrat shares

After the company failed to submit its annual financial statements on time.

South africaGeorge manyereEcsponent afristratAfristrat investment holdingsMybucks groupEcsponent limited

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