Business: Former Executives Fight For The Ownership Of Tekkie Town

Last updated on September 11th, 2021 at 08:02 am

The former executives of Tekkie Town are legally fighting for the ownership of the popular home accessories, both parties are set to go the distance in reclaiming the popular accessories retailer. The matter was tabled before the Western Cape High Court in South Africa.

Pepkor Holdings is a Steinhoff auxiliary and it was recorded independently on JSE in September 2017 as Steinhoff Africa Retail.

Judge Lee Bozalek said in a 26-page deciding that there wascroom for previous Tekkie Town chiefs to change the points of interest of their case.

“The offended parties are managed the cost of a time of 20 days from the date of this request inside which to revise their points of interest of guarantee,” Bozalek said.

The fight between the gatherings goes back to 2016 when the previous Tekkie Town investors traded their offers for 43 million offers in Steinhoff, esteemed at R3.3 billion at that point.

knowafrika.com_admin

Recent Posts

SSFA Boosts Refereeing Standards with Week-Long Training in Rumbek

During seven intensive training days, the South Sudan Football Association educated its referees in Rumbek. The organization (SSFA) trained 30…

April 13, 2025

England Legend Jimmy Anderson Receives Knighthood in Sunak’s Honours List

Former Prime Minister Rishi Sunak gave James Anderson England's highest honor by placing him in his resignation honours list for…

April 12, 2025

India and DP World Launch Major Trade Initiatives to Boost Global Market Access

DP World and India's government launched two projects to boost Indian exports throughout multiple areas of the world. The announcement…

April 11, 2025

Sudan’s Allegations Against UAE at World Court Lack Evidence, Face Dismissal

The International Court of Justice is conducting a case where Sudan blames the United Arab Emirates for supporting genocide forces…

April 11, 2025

UAE Hosts Critical US-Russia Prisoner Exchange Over Ukraine Peace Efforts

Abu Dhabi hosted a crucial exchange of prisoners between Russia and the United States on April 10 2025. Both global…

April 10, 2025

Bavuma’s Elbow Injury Clouds South Africa’s WTC Final Hopes

South Africa's Test Captain Temba Bavuma faces an elbow injury issue that affects his sport participation before the World Test…

April 10, 2025

This website uses cookies.