Construction sector ailing while government’s infrastructure plan stalls
The construction sector’s big hope for recovery rests in the infrastructure development plan
With Transnet ports still in trouble, SA fruit exporters turn to planes instead
Some fruit growers are looking to export produce using air freight to evade ongoing backlogs at Transnet.
Tongaat Hulett enters business rescue as lenders run out of patience
Tongaat’s lenders have not approved its restructuring plan, and the sugar producer has appointed Metis Strategic Advisors
The businesses hardest hit by liquidations in South Africa right now
Over 1,400 SA businesses have been liquidated in 2022 so far, with 170 more recorded in Sept, Stats SA has found.
Another SA medical scheme is facing solvency issues
Transmed Medical Scheme has failed to maintain its solvency ratio at or above 25%, the minimum statutory prescribed level in the Medical Schemes Act.
High court bid to place Afristrat in liquidation
Financially troubled investment holding company Afristrat is facing a high court bid to provisionally liquidate the company.
Standard Bank arranges R5.5bn ESG loan for Grit
Grit Real Estate Income Group is raising R5.5bn in a sustainability-linked debt deal arranged by Standard Bank and other SA lenders.
Business Rescue, Restructuring & Insolvency Newsletter
The firm unpacks dispositions without value, and how Section 26 of the Insolvency Act 34 of 1926 acts as a protective barrier for creditors
Growthpoint Signals Turnaround in JSE Listed Property Sector
The REIT sector is no longer in the precarious space it was in two years ago. The waters are still choppy though,