Provisional liquidation order granted against Shivambu’s brother: The North Gauteng High Court has granted the SA Revenue Service a provisional liquidation order against a company owned by Brian Shivambu – the brother of EFF deputy president Floyd…
The North Gauteng High Court has granted the SA Revenue Service a provisional liquidation order against a company owned by Brian Shivambu – the brother of EFF deputy president Floyd Shivambu.
“Mr Brian Shivambu, who is the sole director and shareholder of Grand Azania, benefited directly or indirectly from gratuitous payments from VBS Mutual Bank bank to the amount of R16,148,569. An amount of R6.4 million of the aforementioned amount was paid to Grand Azania,” the judgment read. “Sars is a creditor of Grand Azania, which is indebted to Sars in an amount of no less than R100. Sars has issued a demand for payment and Grand Azania failed to make payment of the due amount and as a result Grand Azania is deemed to be unable to pay its debts.
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