Delta Dairies to be liquidated

Going under: The milk company will be sold off to pay off creditors
Going under: The milk company will be sold off to pay off creditors

Dr Howard Sigwele, the citizen promoter of the milk company Delta Dairies, lost big yesterday at the High Court when justice Terence Rannowane ruled that the multi-million Pula company be liquidated.

Sigwele had tried in vain to stop the court from shutting down the company after it was put under provisional liquidation in August.

In granting orders that the milk company winds up, justice Rannowane said its finances were in a perilous state, and quoted various independent audit reports and numerous lawsuits filed by creditors against Sigwele’s company.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up