Last assets of Masakeni to be auctioned today
It is the end of the road for a Port Elizabeth construction company, with its last remaining assets going on auction today. Masakeni Construction, previously based in Markman, was declared insolvent in May and had to let go 300 employees in July.
The companys former director, Khwezi Blose, applied for the liquidation after business rescue efforts were terminated.
Blose, 43, said that after doing everything in his power to save the company from liquidation, his hand had been forced.
Construction is a very difficult sector and right now I do not see myself involved in any construction-related work in Port Elizabeth, Blose said.
We had to opt for liquidation because we were just g…
Read the full article at: http://www.heraldlive.co.za/business/2018/01/18/final-blow-bay-company/
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