When Did MyBucks Become Insolvent? Questions Around Dave Van Niekerk’s 2019 Viability Claim

Van Niekerk has said MyBucks was financially viable when he left in March 2019, but liquidators, counterparties, and court filings later described the group as already functionally insolvent, a contradiction that matters as Ecsponent noteholders absorbed a R1.5 billion write off and key records like forensic report excerpts and bankruptcy filings remain central to verification.

By Gavin Pietersen · September 21, 2026