Cape Town – The Western Cape High Court has granted a sequestration order against Sam Buthelezi after he failed to pay the R475 000 agreed to by the close of business last Tuesday.
Buthelezi had allegedly misappropriated the pension funds of workers affiliated to the Southern African Clothing and Textile Workers’ Union (Sactwu).
Sactwu’s attorney, Tony Canny, said the High Court had granted a final sequestration order in respect of Buthelezi after failing to pay the court-ordered amount.
“Despite Judge Owen Rogers ordering Buthelezi to pay, he never paid, and he has now been declared insolvent. We are going to hold an insolvency inquiry with the purpose of finding out what assets he has.”
Sactwu spokesman Fachmy Abrahams said they…