Kalagadi Manganese fights to stay out of bankruptcy and arbitration

Kalagadi Manganese, headed by Daphne-Mashile-Nkosi, keeps sinking deeper in legal problems and swimming in debt. The company has continued to oppose the debtors, the IDC, AfDB and Absa, from putting the company into bankruptcy. Now Kalagadi is fighting the lenders attempt to arbitrate the matter.  The company’s initial debt was at least ZAR7-billion and that…

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