The Western Cape High Court has granted a provisional sequestration order against a Cape Town businessman over a R6 million debt.
The Western Cape High Court has granted a provisional sequestration order against a Cape Town businessman after finding that he failed to satisfy a nearly R6 million judgment debt owed to Fleet Africa, a fleet management and leasing unit of JSE-listed Super Group.
The court also raised concerns about transactions involving assets transferred to a company linked to the businessman’s son, saying they warranted further investigation by a trustee.
In a judgment handed down this month, Acting Judge Van Zyl ruled in favour of Fleet Africa following years of litigation linked to a vehicle lease agreement.
Fleet Africa forms part of Super Group’s mobility operations and operates across South Africa, Kenya and Lesotho, providing fleet leasing, maintenance and vehicle management services to both public and private sector clients.
