Ruling to dissolve Matshelagabedi plant partnership upheld
Friday, November 06, 2015
The companies, Runicta Engineering and Garrick Operations, appeared before the Court of Appeal as a result of an appeal made by Garrick Operations requesting that the High Court ruling be overturned.
The High Court had ordered that the partnership between the contractors should be dissolved and that the profits of the partnership and the assets of the partnership be shared between the partners equally.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...