JOHANNESBURG- It’s a developing story this evening, one of the most successful first South African owned MLM company- Charity Begins Nathi has announced voluntary liquidation effective from 14 May 2019.
In a statement issued by the company it blamed its members action for this latest development. “We have sat at board amidst the problem surrendering the company, more especially on the issue of payments, we have communicated that payment will be made according to cashflow of the week of payments, but some members are at arm refusing to wait and understand our position even when it was communicated with them before withdrawals,”
Continues the statement “by this reasons we have decided to liquidate Charity Begins Nathi also known as CBN and members will be refunded the R100.00 registration money depending on the number of accounts they registered with money not with credit.”
The company further expresses its wishes to continue working with its members but pointed out that the alleged death threat made by some of its members had left the founders traumatized.
CBN was founded in 2018 by Pastor Lufuno Joy Ligudu, and sets an unbeatable record in the history of MLM business by awarding its members 18 cars in less than 3 months.
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