The Sheriff gets the green light to attach furniture to the Black Business Board that lacks money



[ad_1]

Rebuilding high credibility on the Zungu list and he has a tough task because his predecessor Danisa Baloyi was suspended in 2017 while awaiting a donation investigation of R5m from Airports Company SA (Acsa) which is allegedly misused. Baloyi denied the charges at the time.

Some of the money has since been recovered, said Zungu, and his team is "in the process of raising capital". But in the meantime the council tightened the belt, with the office "high spec" no longer a priority.

It was also the headquarters of Regiments Capital, which fell on hard times after a lucrative consulting partnership with US advisory firm McKinsey turned sour. The regiment was allegedly out of agreement by Trillian Partners, run by one of the previous directors, which made headlines to deal with the state-owned Transnet and Eskom.

According to Zungu, the Regiment has become the owner of the BBC. The document seen by the Sunday Times shows that the plaintiff in the high court is a company called Little River Trading 191.

Court documents also showed that the sheriff received a nod to attach furniture this week, but the council had moved at the end of last year and is now clubbing with the Black Management Forum, said Zungu.

The Board has a past as part of an organized business and in 2017 at odds with Business Unity SA (BUSA) regarding where the country's economic priorities are. BUSA ​​as a result ended its collaboration with the BBC at the National Development and Economic Development Council (Nedlac).

But "very friendly parties at the SA company" are ready to help the BBC, Zungu said.

And the attachment of BBC furniture is not a small problem for him.

"We value every asset we have. Pencil, picture. We don't reject it at all. "

[ad_2]

Source link