Delta Dairies sale shrouded by secrecy

Friday, October 10, 2014

Secrecy surrounds the sale of the citizen milk producing plant, Delta Dairies. Its founder Howard Sigwele this week claimed that he has regained control of the company he formed in 2008 with funding from the CEDA Venture Capital Fund.

Sigwele made this claim on Monday just after a High Court case in which 56 workers of Delta Dairies had approached the court seeking the reversal of the provisional liquidation that was placed on the company on 20 August 2014.

The workers themselves had applied for the company to be liquidated as they alleged that it was insolvent and it owed them outstanding salaries.

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Delta Dairies sale shrouded by secrecy

Secrecy surrounds the sale of the citizen milk producing plant, Delta Dairies. Its founder Howard Sigwele this week claimed that he has regained control of the company he formed in 2008 with funding from the CEDA Venture Capital Fund.

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