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

Jaundiced Eye: WSM on MKP, the Zuma factor, and the KZN battleground

Is Jacob Zuma the glue holding MK together, or has the party already outgrown him? In the first of his weekly conversations with Alec Hogg on BizNews, William Saunderson-Meyer, whose Jaundiced Eye column has run every week since 1993, said he didn't buy the common wisdom. He argued that MK…
15 Oct 8AM 24 min

BN Edge | Can Lesaka do to SA's big banks what fintech did in Brazil?

The company once known as Net1 has just posted its first full-year profit and is telling the market to expect adjusted earnings to compound at more than 40% a year. Executive chairman Ali Mazanderani, who says he has helped build seven multibillion-dollar fintechs from Brazil to Europe, told Alec Hogg…
15 Oct 4AM 44 min

The Zuma Effect: the plots and the power plays

Jaco Zuma’s ambition to become president of South Africa was rooted in personal interests: to evade the law and assuage his dire financial circumstances - and his faction used chilling tools to get and keep him in power for as long as possible. So says political scientist Professor Mcebisi Ndletyana,…
14 Oct 9AM 1 hr 06 min