BULAWAYO TEXTILE GIANT-National Blankets has been liquidated by the court after years of poor perfomance.

Bulawayo High Court Judge Justice Nokuthula Moyo issued an interim order directing National Blankets to be placed under liquidation after she was satisfied that the company could not continue operating normally due to serious financial constraints it is facing.

β€œIt is ordered that the applicant National Blankets (Pvt) Limited is provisionally wound up, pending the grant of an order referred to or the discharge of this order. Subject to subsection 27 (1) of the Companies Act, Phillip Ndlovu of PNA Chartered Accountants is appointed provisional liquidator,” ruled the judge.

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