Acsa has lashed out at claims that the company is facing imminent liquidation. On December 9, The Star reported that multiple service providers had applied for Acsa’s liquidation because it had failed to pay for services rendered amounting to R550 million.
However, in a statement, Acsa said liquidation proceedings had been instituted against it by just one service provider for unverified claims of R126 million, which is currently subject to an arbitration process scheduled for March 17, 2025.
“The service provider has chosen instead on November 27 to submit an application for liquidation, abandoning the arbitration process prescribed through the service level agreement as a last resort for contracting parties to resolve disputes….
