Court labels milk producer fraudster
Wednesday, October 22, 2014
Sigwele, the promoter of the first citizen milk company Delta Dairies, had filed opposing papers before the High Court trying to stop the liquidation of the milk company he founded in 2007.
In the document filed before the High Court Sigwele claimed a meeting of the Board of directors had given him the power of attorney to represent the company and to oppose the liquidation in court.
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...