Bosasa wants liquidators out of its companies, which it says are solvent

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Bosasa | 'The trigger for the liquidators' appointment was never legally pulled, hence their appointment was null and void and should be set aside.'

Mike Hellens SC waits for the start of the inquiry into state capture in Parktown, Johannesburg on August 20 2018. He is the advocate for African Global Holdings in its application on Wednesday to reverse the liquidation of African Global Operations companies.The affairs of the African Global Operations group of companies should not be under the care of the"rampant activities" of liquidators who should not have been appointed in the first place.

The holding company seeks an order declaring that the special resolution taken by six directors of African Global Operations on February 12 placing the Bosasa group of companies under liquidation was void from the beginning and of no force and effect.The company also seeks an order that Cloete Murray and Ralph Lutchman have no rights as provisional liquidators or liquidators in respect of 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:

 /  🏆 28. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Maimane claims Ramaphosa has something to hide over son's Bosasa earnings | IOL NewsPresident Cyril Ramaphosa's refusal to disclose the fee Bosasa paid his son, Andile Ramaphosa, for advisory services, showed ...
Source: IOL - 🏆 46. / 51 Read more »

Ramaphosa refuses to reveal son’s earnings from Bosasa contractThe president says he has nothing to hide and that the Public Protector has all the information including the value of his son’s contract for work done outside the country. Whether he refuses or not is irrelevant, he’s got his fingers on the cookie jar-Ramaphosa must do an honorable thing & resign as both president of country & ANC- His presence poses double jeopardy, he’s gonna lose big Cause he just as corrupt as the rest. CyrilRamaphosa no back bone and a complete joke. Just another looter the ANC are devoid of telling the truth
Source: ewnupdates - 🏆 30. / 53 Read more »

Ramaphosa ‘not disclosing son’s Bosasa earnings shows he has something to hide’'We have moved from a parliamentary culture of protecting uBaba ka Duduzane, to now protecting uBaba ka Andile,' DA leader Mmusi Maimane says. Perhaps a different approach is required. What did Baba ka-Cyril actually deliver to AGO for his monthly retainer fee, and what did 'Offtake (Pty)' deliver ? Finally you've spoke some sense ever since cup cake came into power...
Source: TheCitizen_News - 🏆 6. / 75 Read more »