Stafford Masie: Three execs gone overnight: Inside the crisis at Africa Bitcoin Corporation

Loading player...
Three weeks after BNC#9 in the Drakensberg, Stafford Masie is back in the interview chair, this time as interim CEO of Africa Bitcoin Corporation. His predecessor Warren Wheatley, founder of Africa's first listed Bitcoin treasury company, along with his wife Tatum Keshwar-Wheatley and chief investment officer Akshay Karan, have just been handed 20-year debarments by the FSCA, longer than the ban handed to Gupta-linked Transnet figures Eric Wood and Niven Pillay. Masie insists the ruling has nothing to do with the business itself, and that operations, funders and the loan book are unaffected. But he won't say how big the alleged share manipulation was, and he can't say whether Warren Wheatley is coming back.
4 Sep 11AM English South Africa Investing · Business News

Other recent episodes

After GHL, Pappas and Brink, is Clinton Lerm the DA's next household name?

He's a businessman with eight companies and 400 staff who says politics was the last thing on his mind, until the DA picked him to take Overstrand's top job from its first black executive mayor. Clinton Lerm has already survived a Hawks investigation, a standing court interdict with a rival…
4 Sep 5AM 37 min

Hesitant about the stronger rand? Here's how to structure your hedging strategy — Sebastian Steyn (Sable International)

While many individual investors and emigrants are postponing major financial decisions amid ongoing geopolitical uncertainty and upcoming elections, Sebastian Steyn, Head of Dealing at Sable International, says businesses do not have the same luxury. Steyn told BizNews that South Africa’s growing Business Process Outsourcing sector and multinational SMEs continue to…
1 Sep 8AM 25 min

BN Daybreak: Feroz Khan dismissed; DA targets bad municipal managers; Joburg's future

In today's episode, Action Society discusses the dismissal of Major General Feroz Khan and ongoing police accountability issues. The IRR explores how a stable coalition could trigger a major turnaround for Johannesburg. We also hear about swift commission successes, while the DA lays criminal charges against South Africa's worst municipal…
3 Sep 11PM 15 min