African global holdings
Liquidators ordered to pay legal costs as court reverses Bosasa liquidation
The court found that the meeting at which the decision to liquidate was taken was not properly constituted as required in law.
The directors of African Global Holdings, formerly know as Bosasa, argued that they were ill-advised and did not properly read the documentation before signing off on it.103 days ago
The board of directors says it signed-off on the decision to liquidate a company worth billions of rand without having properly read what exactly it is they were signing.104 days ago
The directors of the company, now known as African Global Holdings, have filed an urgent application at the High Court in Johannesburg to have the decision reviewed and set aside.105 days ago