PORT Elizabeth private school Ed-U- College has won its legal battle with Transnet, with the parastatal backing down on its attempt to have the school liquidated.
According to a pending settlement agreement between the parties, their respective auditors will meet and draw up a reconciliation of the financial relationship between the school and Transnet, which has been the landlord of Ed-U- College for almost 17 years.
Transnet brought the application in January, claiming it was owed R1-million by the private school.
Ed-U-College chief executive Lillian Niemann said yesterday the legal move on her school was "like being attacked by sharks and hyenas".
For the full story read The Herald, or get the complete newspaper, including comics, classifieds, crosswords and back editions in our e-Edition