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KUKHANYA, CONSTRUCOES AGREE TO E420 000 RENTALS

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MBABANE - Kukhanya (Proprietary) Limited and Construcoes Gabriel A.S Coutos S.A. Limited have agreed to pay Shiselweni Forestry Company Limited a sum of over E420 000 in respect of outstanding rentals.

The companies reached the agreement after Shiselweni Forestry Company Limited issued out summons against respondents, Kukhanya and Construcoes Gabriel A.S Coutos to the High Court which served on them on March 21, 2019. On May 15, 2019, Shiselweni Forestry approached the court through its legal representative, Kenneth Motsa of Robinson Bertram, seeking to be heard for an order in terms of the acknowledgment of debt and agreement to pay, signed by it and the respondents on May 14, 2019. Shiselweni Forestry wanted the court to make the agreement of the parties an order of court. Motsa told the court that Shiselweni Forestry and the two companies had agreed in writing to settle the matter between themselves by entering into an acknowledgment of debt and agreement which he attached to the application before court.

Agreement

The agreement, according to Motsa, was signed by the respondents on May 14, 2019 and Shiselweni Forestry was represented by its Officer in Charge, Executive Manager Ferdie Brauckman who signed on May 6, 2019. He explained that the purpose of the application to the court was to request it to register the acknowledgment of debt and agreement to pay and its contents to be an order of court. In terms of the deed of settlement, the defendants agreed to settle Shiselweni Forestry’s claim by paying an agreed amount of E428 751 being rentals owing as of March 2019. Interest on the amount is at the rate of nine per cent from March 2019 to the date of final payment. Legal costs, as per the agreement, are to be E7 250.
The agreement further states that the respondents agreed to rehabilitate the burrow pit at the site known as chainage eight kilometres (CH8) by June 30, 2019 and furnish Shiselweni Forestry with an approval certificate of the Eswatini Environmental Authority.

 

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