John block is the ceo of Chisane Investments (Pty) Ltd. His main asset Chisane Investments was spared from fine after his accomplice christo scholtz assets worth R60 million was seized by the government
John block assets has been liquidated long time
In finance and economics world, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. The company’s operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims.
The high court in Kimberley has given mr john block 30 days in which to surrender R2 million of his assets to the state and make a deposit into National Treasury’s account