GEORGE NEWS - It was not Pepkor that was interdicted from selling Tekkie Town or any shares it holds in the subsidiary, as was reported in last week's issue of George Herald.
The newspaper reported on the victory of the former owners of Tekkie Town in the Western Cape High Court that ruled that Steinhoff International must exercise its control over Pepkor and Tekkie Town in such a way that Pepkor's shareholding in Tekkie Town is preserved and prevented from being sold or encumbered.
It also has to prevent Pepkor from selling or encumbering Tekkie Town.
The George Herald in the intro of the story said that Pepkor was interdicted.
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