Jaggers folds with clearance auction

Ruby Auctions will Thursday officially wind up Jaggers Wholesalers’ business with a stock clearance auction after it successfully held the first one last week where furniture and other household goods were sold.

Jaggers Wholesalers assets are being put under the hammer to pay off $443 795 that the company owes to Delta Beverages.

Today’s sale will clear groceries, kitchen accessories and clothes that remained after the first auction last week.

These include biscuits, salad cream, long life milk, facial tissues, men and ladies wear, vinegar, cake side plates, muffin moulds, bicycles, boilers, computer papers boxes, energade drinks, chairs and desks.

Delta successfully sued Jaggers Wholesalers (first respondent) and Jaggers Trador (second respondent) and obtained an order to attach the company’s assets at the Jaggers Msasa branch in a case heard by Justice Lavender Makoni in October last year.

The wholesaler has closed all its branches countrywide.

Justice Makoni ordered: “First and Second defendants pay to plaintiff the amount of $443 795 plus interest at the rate of 16% per annum from September 1 2010 to a date of payment in full.

“First and second defendants to pay plaintiff cost of suit on a legal practitioner and client scale.”

Ruby Auctions yesterday advertised the auction after obtaining an order from the deputy sheriff in Harare to dispose of the remaining assets. – NewsDay