Subscribe & Follow
Trending
Advertise your job vacancies
Jobs
- Digital Media Sales Strategist - Media Sales House Johannesburg
- Digital Sales Account Manager - Media Sales House Johannesburg
- Assistant - Office of the Group CEO Johannesburg
- Experienced Model Booker (Agent) Cape Town
- Production Resources Manager Randburg
- Creative Video Editor Randburg
- Creative Content Producer Randburg
- Head of Investments Johannesburg
- Finance and Data Analysis Assistant Anywhere around SA
- Journalist - B2B Johannesburg
Promoted content
Section 417 investigation into CNA
The High Court has approved an application by Terry Moolman, CEO of CTP, for a section 417 investigation into CNA's affairs. Moolman would like it known where funds used to pay Wooltru came from, why the top 61 stores were separated from the rest of the company, and what ABSA's involvement in the deal was. As one of CNA's creditors CTP wants to know where the group's money has gone and how it can be gotten back. It's Moolman's belief that CNA was restructured on ABSA's advice in such a way as to put creditors "at the back of the queue" while giving the bank additional securities.
Source: MoneyWeb
