Bank ordered to remove Khumalo's signing powers from MK Party account - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

MK News

Singapore Singapore Latest News,Singapore Singapore Headlines

The relief sought by the MK Party was granted and Khumalo was handed a punitive costs order.

A judgment, dated 17 September 2024 reveals that the MK Party hauled Khumalo to court seeking his removal from the bank account after he contended that he was entitled to remain as an authorised signatory, citing the pending appeal in the party’s leadership battle currently sitting in the courts.

The High Court in its judgment found that the appeal has no bearing on the termination by the MK Party of Khumalo’s mandate to act as an authorised signatory on behalf of the party. The court in its analysis concluded that the MK Party has shown that Khumalo has no legal entitlement to remain a signatory on their bank account.

As a result, the relief sought by the MK Party was granted and Khumalo was handed a punitive costs order.Ramaphosa welcomes adoption of ‘Pact of the Future’ by UN Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

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:

 /  🏆 37. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Springboks-All Blacks clash celebrates rugby’s greatest rivalry' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The match will also be broadcast live on SABC 2, SABC Sports channel and streaming platforms.
Source: SABC News Online - 🏆 32. / 51 Read more »