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.
Vulnerability caused by compliance: Section 129(7) of the Companies Act 71 of 2008 and the risk of being wound up
The spotlight on directors and compliance with their fiduciary duties often comes under scrutiny when a company finds itself in financial distress.
South Africa’s new state-owned company gets the go-ahead
The Cabinet has approved the Draft National State Enterprises Bill for tabling in Parliament – to create a new state-owned holding company to manage the finances of all our SOEs