Bosasa’s assets sold piece by piece

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It is the end of the road for the late Gavin Watson’s company, African Global Operations.

READ: Court grants Bosasa corruption case postponement

The company, which was famously known as Bosasa will go under the hammer starting from today.

The company’s assets including cars, luxury furniture and work equipment will be sold in an auction.

Bosasa’s assets will be sold starting from today until Friday to members of the public in an action in order to recoup the monies the company owed to numerous people and institutions.

The company, which was led by controversial businessman Watson, is reported to have benefitted from corrupt deals from government departments.

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The late Gavin Watson was the CEO of Bosasa until his death.

The Department of Correctional Services is reported to have provided the company with billions of rands worth tenders spanning for over 20 years.

Bosasa also donated millions of rands to the ruling party, the African National Congress (ANC) during the elections period.

Former ANC’s Treasury-General Zweli Mkhize publicly admitted that the company donated 3 million to the party during the 2016 local government elections.

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Bosasa sponsored former President Jacob Zuma’s birthday parties.

The company also sponsored birthday parties of former President Jacob Zuma and former Ministers of Water and Sanitation Nomvula Mokoanyane.

Bosasa’s former chief operating officer Angelo Agrizzi told the state capture commission how the company bribed many government officials with money in order for it to receive tenders from the government.

While the Watson family are against auctioning the assets of the company, it is expected the auction will continue until Friday.