Mshengu business ‘going down’

Internal emails confirm provisional liquidation

Sam Holding is in the process of deregistration from the register of companies, according to company internal communication.

A former employee told Sowetan the company stopped operating in April after owner Sam “Mshengu” Chabalala’s wife Lerato Legodi told them that operations will come to a halt temporarily.

The employee said they have learnt that the trucking company was under provisional liquidation as creditors aim to recoup their funds.

The e-mail that was sent to staff in July, which Sowetan has seen, reads in part: “Liquidators can only distribute funds to proved creditors after liquidation and distribution account is confirmed by the Master of the High Court.”

The e-mail further states that whoever was owed should lodge their claim with the master of the high court within six months after a final liquidator has been appointed.

“Sam Holdings Trading is only in provisional liquidation. The Master of the High Court will convene the first meeting but he would only do that if the company is placed in final liquidation.”

Legodi hung up immediately after this journalist introduced himself. She later blocked the number and did not respond to text messages.

“We were told not to return to work in April because the company was not doing well. They said the problem was that Sam was nowhere to be found and because of his problems with the law so they don’t know what is going to happen,” he said.