Banxso's Liquidity and Security Offer Raise Questions About Liquidation Motives

In a surprising turn of events, Banxso (Pty) Ltd has demonstrated significant financial liquidity, casting doubt on the necessity and motives behind the ongoing liquidation application against the company.Substantial Security OfferBanxso has made a remarkable offer to secure funds equivalent to the net deposit value of all intervening parties in the liquidation application. The company’s attorneys have proposed holding R57,125,578.80 in their trust account as security for the claims of the intervening parties, should they be prosecuted successfully. This offer extends beyond the security…