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THE legal battle over the ownership of the liquidated textile giant, Presitex Enterprise, has taken a new twist. The newly appointed liquidator, Kenneth Hlasa, is now challenging the legitimacy of the debts that led to the company’s liquidation in September 2023, calling them a hoax.<\/p>\n
Mr Hlasa claims there is no evidence that Presitex, a subsidiary of CGM Group, owed its supposed supplier from the United Arab Emirates, Nazimada Textiles FZE, the sum of USD$2 242 619 (M39 798 413.82).<\/p>\n
According to…<\/p>\n<\/div>\n
Read more on AllAfrica.com<\/a> THE legal battle over the ownership of the liquidated textile giant, Presitex Enterprise, has taken a new twist. The newly appointed liquidator, Kenneth Hlasa, is now challenging the legitimacy of the debts that led to the company’s liquidation in September 2023, calling them a hoax. Mr Hlasa claims there is no evidence that Presitex, a […]<\/p>\n","protected":false},"author":11,"featured_media":180093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[1406],"tags":[258,256,4181,7329,4717,1407,35436,257,5152,254,10501],"class_list":["post-180092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lesotho","tag-africa","tag-africa-news","tag-debts","tag-factory","tag-lesotho","tag-lesotho-news","tag-liquidator","tag-news","tag-questions","tag-south-africa-today","tag-textile"],"fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/180092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=180092"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/180092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/180093"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=180092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=180092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=180092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Lesotho<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"