MONEYWEB
app instead?
The Rebosis Property Fund 2021 AGM is scheduled for Tuesday 12:30
Open:
Sisa Ngebulana, CEO, Rebosis Image: Moneyweb
Ahead of the Rebosis annual general meeting (AGM) on Tuesday, the real estate companyâs chief executive Sisa Ngebulana threatened to interdict the chair of the Moti Group, Zunaid Moti, from being able to exercise voting rights at the meeting.Â
Correspondence between Moti and Ngebulana’s legal representatives earlier this month shows how both parties claim to hold voting rights at the Rebosis AGM.
Chairperson and founder of the Moti Group, Zunaid Moti. Image: Moneyweb
The spat stems from Motiâs shares in Rebosis which were sold to Ngebulanaâs family trust, Amatola Family Trust in August last year. The Trust, however, failed to make the R125 million payment towards the shares, prompting Moti to apply for the sequestration, claiming that the Trust was insolvent.Â
Itâs Zunaid Moti vs Sisa Ngebulana as the businessmen fight for control of Rebosis
By Manyane Manyane, Karabo Ngoepe
Feb 21, 2021
by MANYANE MANYANE, SIPHO MABASO and KARABO NGOEPE
Johannesburg - An on-going battle between two powerful business partners is teetering on the brink of pushing the envelope for a hostile takeover.
The back and forth communications between Sisa Ngebulana and Zunaid Moti, which include court papers, have detailed a partnership gone sour and under-handed tactics to assume control of the business.
This week, the pair is set for a showdown at the annual general meeting (AGM) of Rebosis on Tuesday. At the centre of their battle is the voting rights which both parties believe they hold.
Zimbabwean journalist Debra Matabvu wins APO Group award
14 December 2020 at 21:36 |
1006 views
APO Group (www.APO-opa.com), the leading pan-African communications and business consultancy, has announced Zimbabwean journalist Debra Matabvu (@dmmatabvu) as the winner of the 2020 APO Group African Women in Media Award.
The award recognizes, celebrates, and empowers African women in the media who support female entrepreneurship throughout the continent.â¯â¯
Debraâs win was announced at the 6th Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) Virtual Conference and Awards, held on 2nd â 3rd December 2020.
The judging panel for the APO Group African Women in Media Award consisted of 100 luminaries, with global icons such as Naomi Campbell joined by senior executives from every major industry on the continent, from Visa to Hilton; Facebook to FIFA; and Uber to LEGO!