Employees outside African Global Operations offices in Krugersdorp in February 2019. Liquidators will again be in charge of the group of companies pending their appeal to the Supreme Court of Appeal on the resolution by Bosasa directors to place the companies under liquidation..
This follows an order made by the high court in Johannesburg on Wednesday, granting liquidator Murray Cloete leave to appeal to the Supreme Court of Appeal against an earlier judgment by the high court on March 14. In that judgment, the high court reversed the liquidation of the African Global Operations group of companies. It set aside a decision taken by six directors of African Global Operations, formerly known as Bosasa, on February 12 to place the group of companies into voluntary liquidation.
The directors of the various companies needed a solution following the closure of their bank accounts. Banks closed the accounts in response to damning allegations of state capture levelled against the companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transformation will accelerate diversity and growth in the PR industryThe PR Institute of Southern Africa and the Zambia Public Relations Association have reopened collaboration talks aimed at expanding their impact on the SADC region. This will accelerate diversity and growth in the PR industry, writes Malesela Maubane
Source: City_Press - 🏆 7. / 72 Read more »
Miller, Tahir lead South Africa to super over victory over Sri Lanka - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa's veteran leg-spinner Imran Tahir conceded only five runs in a decisive super over as they beat Sri Lanka in their opening Twenty20 International on Tuesday after both teams had finished their innings with the same score.
Source: SABC News Online - 🏆 32. / 51 Read more »
Dr Motsepe to address Africa-Asia Partnerships conference - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The First Lady of South Africa, Dr Tshepo Motsepe, will address the Africa-Asia Partnerships in Health and Healthcare Delivery for Women & Youth Conference at the University of the Witwatersrand in Johannesburg on Tuesday.
Source: SABC News Online - 🏆 32. / 51 Read more »
Proudly South Africa hosts two-day Buy Local Summit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Proudly South Africa has held its two-day Buy Local Summit in Sandton, Johannesburg.
Source: SABC News Online - 🏆 32. / 51 Read more »