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,
South African shippers eye air cargo as Transnet strike wreaks havoc
As SA’s faltering economy counts the cost of the crippling weeklong strike at Transnet,
South African Post Office commercially and technically insolvent
As the 26 Oct, MBTP policy statement approaches, there’s a stack of things that need to get sorted – including SAPO.