Financial Crisis Mount For Cash-strapped Pula Steel

The company recently lost a case in which Alman Metals (PTY) LTD made an application for a summary judgement and an application in terms of Order 42 (12) (C) of the rules of the High Court. Alman instituted an action on July 5, 2016 in which it claimed payment of around P1,077,000 for scrap metals it sold to Pula Steel.

Francistown High Court judge, Barnabas Nyamadzabo said that in his view, there being no cogent evidence from the defendant’s attorneys to counter act the piece of evidence in the affidavit of service, it should be accepted that the defendant’s attorneys were duly served with the declaration as well as the summary of judgement application documents.