African Global Holdings launched an application to set aside the sales on December 20 last year.
Employees outside Bosasa's offices in Krugersdorp last year. This is one of the buildings the sale of which has been set aside.The high court in Johannesburg has declared that any auction of assets of the six African Global Operations companies, formerly known as Bosasa, which were in liquidation before the second meeting of creditors is prohibited.
In a judgment passed electronically on Monday, the court held that any sale while such company was in liquidation, and without written consent by resolution of the board of directors of African Global Holdings, was unauthorised. The court said the transfer and registration of immovable property to any prospective purchaser of assets of any of the six companies that were sold was prohibited.
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