Cabinet says yes to plan to break Transnet’s monopoly
Cabinet has approved the Freight Logistics Roadmap which sets out the government’s guidelines for reforms in the sector
State’s bad record in paying businesses gets worse
Government departments’ ‘nonpayment’ of invoices to service providers hits more than R11bn.
Tongaat Hulett business rescue practitioners dump Kagera, submit new preferred bidders
Tongaat’s BRPs have released a new rescue plan, proposing to sell the business to new buyers as the proposal by Kagera
FATF recognises SA’s progress in addressing money laundering deficiencies
Work still needs to be done to boost the effectiveness of legislation aimed at curbing money laundering and terror financing
ArcelorMittal SA job cuts may hit 3,500 workers as Transnet woes bite
SA’s biggest steel producer, ArcelorMittal SA says 3500 jobs may be affected as it embarks on a section 189a process to wind down Newcastle Works
What about the original creditors in business rescue?
The High Court put out a ruling for creditors in business rescue, saying that they can’t vote on rescue plans for companies they’re investing in.
Transnet needs to focus on productivity — and partners
Transnet needs significant investment in infrastructure and has to become massively more efficient.
October’s insolvency statistics tell a scary tale
With record-high insolvencies in Oct, top SA bankers and restructuring experts are now also predicting a deluge of insolvencies come April/ May 2024.
Fighting the curse of companies leaving the JSE
Delisting is not isolated to SA; it is a global phenomenon. It is important to keep in mind that listing activity is driven by market sentiment