Here is a shame… Africam liquidates

by oneafrikan on November 8, 2001

Africam liquidates…
“In a statement issued yesterday, CEO Peter Armitage cited declining advertising revenues and a sharp decline in traffic since the 11 September terror attack as being contributing factors to the company’s decision to seek provisional liquidation for its SA services. Armitage said a major funder had also reneged on a commitment made earlier this year, and the company had been unable to secure sufficient funding to continue operating.”

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