BCL moves to liquidate Pula Steel

Friday, September 15, 2017

Shareholders' failure to inject fresh cash has pushed Pula Steel towards liquidation

After shareholders of Pula Steel failed to inject fresh funds into the company, the provisional liquidator of BCL has filed for the steel-making company to be put under provisional liquidator.

BCL, which is the majority shareholder in Pula Steel, is also the biggest creditor of the steel making company, which is currently under judicial management.

Provisional liquidator of BCL, Nigel Dixon Warren told BusinessWeek that following shareholders’ failure to inject fresh funds into the company he was left with no option but to apply to the High Court for the company to be put under liquidation.

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BCL moves to liquidate Pula Steel

After shareholders of Pula Steel failed to inject fresh funds into the company, the provisional liquidator of BCL has filed for the steel-making company to be put under provisional liquidator.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!