Crypto firm NTC fails in eleventh hour bid to escape final liquidation

Crypto firm NTC fails in eleventh hour bid to escape final liquidation

Its attempt to overturn the provisional liquidation order granted days after the assassination of business rescue attorney Bouwer van Niekerk has been dismissed with costs.

Crypto firm NTC Global Trade failed last week in its eleventh-hour bid to stave off final liquidation in the Pretoria High Court.

This comes almost exactly a year after the company, previously in business rescue, was placed in provisional liquidation after attorney Bouwer van Niekerk was gunned down in his Saxonwold office.

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The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.