See CitySlicker discount coupon site is under liquidation

bokka1

Expert Member
Joined
Nov 27, 2006
Messages
3,989
I had R1600 in credit with them and a R500 picnic voucher. :(
 

bokka1

Expert Member
Joined
Nov 27, 2006
Messages
3,989
Just saw that the attorney handling the matter studied with me.

Edit: I am not even going to bother to claim as these type of businesses have no assets, just a few desks and PC's.
 
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F1 Fan

Executive Member
Joined
Nov 8, 2010
Messages
5,122
How does a business like this go bankrupt? Surely stealing? Their business model is simple. They take x% of the price charged and pay the rest to the supplier.
 

snowwolf

Well-Known Member
Joined
Sep 9, 2014
Messages
463
How does a business like this go bankrupt? Surely stealing? Their business model is simple. They take x% of the price charged and pay the rest to the supplier.

In an ideal world. But when you don't pay suppliers, and you don't pay SARS, and you don't pay your other creditors, and your draw money for other things... easy to go bankrupt through mismanagement...
 

theratman

Honorary Master
Joined
Jan 21, 2008
Messages
10,835
My sister worked there for a while,apparently they only told the staff on the Fri that they were going under. Ouch.
 

ice_cubes

Executive Member
Joined
Mar 24, 2011
Messages
5,137
bloody agents! ///runs to cash in my groupon and daddysdeals credit
 
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