This week’s court order in the Cape Town High Court allows former Tekkie Town executives access to copied email information as part of the process of discovery with regards to their extensive litigation against Steinhoff and Pep/Star.

These include:

  • An attempt to have the initial sale of Tekkie Town to Steinhoff in 2016 overturned because it later transpired that the shares they were paid in had fictional value (Braam van Huyssteen calls it monopoly money);
  • They want Pep/Star to honour the earn out bonuses for all Tekkie Town staff agreed to with Steinhoff, which former Star CEO Ben la Grange acknowledged by amending it to include the Speciality Fashion and Footwear employees. Pep/Star now says they are not bound by the agreement – although they booked R500-m to honour a 2011 agreement with 44 Pepkor executives to compensate them for losses incurred when the share price of the Steinhoff shares they bought collapsed;
  • Van Huyssteen is suing Star for unfair dismissal because his 3-year contract as chairman of Star Property was prematurely ended by Lourens in April, while Star Speciality Fashion and Footwear executives Bernard Mostert and Dawie van Niekerk are claiming compensation for constructive dismissal in June, due to a hostile environment;
  • Star/Pep is opposing an eviction order by Van Huyssteen against the Star Speciality Fashion and Footwear division occupying the George campus premises. Van Huyssteen says the lease agreement with Tekkie Town stipulates that his written permission is required for any other business to be conducted from the premises. He didn’t give permission for the additional businesses to be there.
  • On 19 July Mostert laid criminal charges against Lourens and a security guard, Mike Ross, who allegedly acted on Lourens’ instructions when he entered Mostert’s locked Nunanda Property Investment office on the George campus, despite a warning from his lawyer that they will be trespassing. The guard removed all Mostert’s belongings from his office, including printed documents relating to various other businesses and others that are relevant for their litigation against Pep/Star. Lourens says this charge is groundless.
  • Most recently, Van Huyssteen filed a summons in Cape Town on Monday, July 30th, claiming more than R41-m from Lourens, which he estimates to be the amount he would have earned on a 3-year fixed contract until 2021, had Lourens not unilaterally ended his employment on April 19th.
  • And still the end is not in sight. The four executives named in the interdict are contemplating suing Pep/Star for libel, after they were accused of sabotage and data theft following information leaked to the media. They also question why selected media outlets received press releases about these allegations, as well as the interdict, before the interdict was served on any of the respondents.
Advertisements