PetroSA to fight R605m liquidation attempt by Nako Energy : Afroconomy - Afroconomy
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South Africa

PetroSA to fight R605m liquidation attempt by Nako Energy

The state-owned oil company says it has substantive defence against the junior fuel trader's liquidation application over a disputed debt.

Afroconomy Intelligence
1 min readAI Summary
PetroSA to fight R605m liquidation attempt by Nako Energy
Credit: Moneyweb

PetroSA says it will oppose a liquidation application brought by junior fuel trader Nako Energy over a disputed R605 million debt, arguing it has a substantive defence. The case involves South Africa's state-owned oil company and a smaller fuel trading firm.

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