No threat to Hyper as sub-contractor liquidated

2014-11-07 00:00

The liquidation of a sub-contractor working on the Checkers Hyper Brookside development in Pietermaritzburg will not affect the projected completion date of later this month.

This was according to Shoprite spokesperson Sarita Van Wyk, responding to questions from The Witness after it came to light that one of the sub-contractors, Asphalt Construction from Durban, had gone into liquidation. The company allegedly owes creditors — many suppliers in Pietermaritzburg — millions of rands.

“The construction of the parking area and access roads for which Asphalt Construction was contracted by the main contractor Construction ID, is being completed by the latter,” Van Wyk said.

Pietermaritzburg is expected to get its first Checkers Hyper by the end of the year.

Many other shops — originally anticipated to be around 28 — are expected to open in the Brookside Mall, which are nearing completion over the N3 highway a short distance from the competing Liberty Midlands Mall.

The first phase of the Brookside Mall involves 15 236 square metres of retail space to house businesses that include Checkers LiquorShop, House and Home, Pep Stores, Ackermans, Clicks and Capitec Bank, with Checkers Hyper as the anchor tenant. The closest Checkers Hyper is located in Durban at the Pavillion shopping centre.

But the legal firm managing the liquidation, Berrangè Incorporated told The Witness last month that the voluntary liquidation had been made final, and Asphalt did not have the cash flow to complete any contracts.

A turnaround strategy at Asphalt had failed to produce the anticipated results and the firm would have sunk further into debt if it had continued to trade, a spokesperson at the private-owned Asphalt Construction said.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.