Cash Crusaders faces sword after a franchisee revolt
Cash Crusaders is in a precarious financial position after franchisees responsible for 40% of its royalty fees broke away from the group and formed a rival outfit, ‘Cash Xchange’.
The demise of Boeing is a story about the failings of capitalism
Between 2016 and 2019 Boeing spent $40bn on share buybacks – money that could otherwise have been invested into capex.
South Africans are bailing on government services
The failure of public services provides an opportunity for local companies to partner with the government to assist in addressing socio-economic issues
Creditors now empowered to make an application to declare directors delinquent
Creditors of a company, acting in the public interest, can now approach the High Court to have directors of such a company declared delinquent.
Fruit exporters mull legal action against Transnet over Cape Town port crisis
Transnet and fruit exporters at Cape Town’s port are finally getting the structure in place to address operational issues in real-time.
Union pledges to resist the mass job cuts in the post office
The business rescue plan for the SA Post Office estimates 6,000 workers – more than half the current workforce of 11,038
Tongaat Hulett’s creditors finally accept rescue plan
Tens of thousands of people reliant on the sugar industry for their living can rest easier after Tongaat’s business rescue plan was finally accepted
Businesses in South Africa hoping for the best in 2024
With ABSA’s PMI rising 2.7 points to 50.9 index points – above the neutral reading of 50 – in Dec, we’re hoping for the best in 2024.