Podcast excerpt·FRI, 04 SEPT 2026 · 17:53:00–17:54:12 SAST
A short excerpt from Stafford Masie: Three execs gone overnight: Inside the crisis at Africa Bitcoin Corporation on BizNews Radio. Watermarked for fair-dealing attribution, free to share.
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In terms of the capital that was raised in the business, let's go a level down. The capital has been fully deployed. I mean, it's got half a billion rand under management and its loan book, and fully deployed. Over 50 businesses, the team's overlooking the collections. But again, the way the team works with these SMEs, they're very close to them. The analysts are always engaged. So there's processes in monitoring those loans persistently. There's a team that looks at collections and they're proactive relative to.
Those collections. So that operation, that engine, nothing's broken in that engine. That engine operates. That engine maintains. And we just got to make sure that, in this very short period of time, that all the folks that provide capital to us are comfortable that the team can continue in this way. No one is leaving the team. No one has left the team. The board is still the board. The only thing is that those three individuals are no longer operationally engaged in the business. But I'll say it again: it's testament to what they.
Built. It's a very resilient business to have gone through what it's just gone through and it's still operating quite soundly today. And none of the capital providers have left, they don't want their money back. Yeah, you would have heard that by now. Yeah. Yeah. Just for my own clarification: what is this debarment actually mean? What is it? Warren is a lost, I remember, anyway, was a trustee on the
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