Top South African healthcare provider,
QMMH is said to be facing serious financial challenges which
In his court papers,
He said the consortium is insolvent and cannot continue its operations without receiving payments from the government. The application has also exposed divisions among the members of the consortium with
"The plaintiff is not aware of any lawful reason entitling the first defendant to refuse to pay or to delay the payment of the indebtedness,"
"Tsepong is insolvent and cannot continue with its business as usual without receiving payment of the indebtedness from the first defendant.
"The board of directors of Tsepong refuses without lawful reasons to institute a claim for payment of the indebtedness against the first defendant (
"No other shareholder/s nor any directors will institute a claim against the first defendant for payment of the indebtedness... It is in the interests of Tsepong that the commencement and continuance of these proceedings are not left to the directors or to the determination of the shareholders as a whole."
"Tsepong would provide the clinical and operational services to the first defendant...
"Tsepong would submit a Value Added Tax (VAT) invoice to the first defendant on a monthly basis which the first defendant would pay within 30 days by electronic payment into Tsepong's bank account...
"Tsepong submitted the VAT invoices to the first defendant on a monthly basis. Payment of the invoices was due within 30 days thereof. The first defendant did not dispute the invoices. The first defendant failed to pay the invoices.
"In the circumstances, the first defendant is indebted to the Tsepong to the sum of M 686.073.373 together with default interest thereon. Despite demand, the first defendant fails, refuses and/or neglects to pay the indebtedness to Tsepong,"
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