collapse after the Supreme Court put Kestrel Corporation under preliminary
judicial management, as Mr George Manyere is struggling to regain its US $ 2.7 Mill.
agreement with Kestrel Corporation Mr. Makamba on sale Telecel
shares. However, the deal did not go through and Mr Makamba failed
to return the money.
Kestrel is placed under provisional judicial management for an indefinite period, so
its assets – shares Activation Corporation – protected from other legal
as the interim head of the court of the defendant (Kestrel Corporation), with
powers and duties set forth in Section 303 of the Companies Act (Chapter 24:03), "
until 2017 – it was not yesterday did not respond to questions sent via SMS.
He stopped by a phone call, after being told that it was
by The Sunday Mail. Subsequent calls went unanswered.
opposes Kestrel Corporation prior judicial control until May 23
2019 to show cause why the order should not be upheld.
Mr. Manyere said Kestrel Corporation was unable to pay its debts and be
placed under judicial management will be able to pay its debts or meet
and its commitment to become a successful concern.
Manyere and Ecsponent) and is unable to fulfill its obligations in connection with its
mismanagement, which borders on the fraudulent conduct.
the party will allow for the expeditious resolution of issues related to her and her
for the purchase of 690,000 ordinary shares in the revitalization Corporation.
An extraordinary general meeting Revitalization Corporation, which was held in
South Africa 9 February 2017.
selling 69 per cent stake in Makamba Activation Corporation.
Precedent in both agreements was carried out in all including a housing
balance to pay for pans with G N Mlotshwa & Co. practicing lawyers,
trust. It was brought to the attention of practicing lawyers of the defendant – in
particularly holding of an extraordinary general meeting to note sale, as well as
Retired Dr. James Makamba from Telecel Zimbabwe ".
shares or refund of the deposit and raise various proposals
They have not been completed.
real estate – have been used as collateral in the deal Telecel – up
Corporation, exported by the country's violation of currency control
regulations, hundreds of US dollars.
persecution of Makamba. The Supreme Court ordered the court
the continuation of the export charges. There is not a trial does not continue
"There are numerous violations of the Law on Corporate Income Tax and
appropriate legislation (Kestrel) the defendant company, the quantum of which is unknown
at the moment, but it has to do with its relations with the EU and Telecel Zimbabwe ".
Mr Makamba through Kestrel Corporation has not fulfilled obligations in South Africa,
as a result of the public auction of the last asset.
years.EC was established in 1998 to provide local residents were interested in
Kestrel Corporation, Dr. Jane Mutasa in Selphon Investments, Magamba eChimurenga,
Integrated Engineering Group, National Association of Miners and Zimbabwe
Farmers Union, a share in the EU.
subscribers, was involved in confusion from the moment of its formation in particular
in relation to the EU's own shares.
The government owns 60 percent of the shares after the purchase of VimpelCom Telecel
ZARNet over $ 40 million deal. sunday Mail