Cinema group Ster Kinekor has successfully exited business rescue and has returned to solvency after 20 months.
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SA Post Office plans another round of retrenchments
SAPO is pressing ahead with the second phase of retrenchments in which it aims to slash at least 600 more jobs
Land Bank shows promising turnaround signs but faces a long road to recovery
The state-owned lender is profitable again. The Land Bank is lending money again…
SA’s goals for COP27
SA’s goals for COP27 If SA's JET investment plan at COP27 succeeds, this...
Four ways companies can strengthen their boards
SA’s economy is struggling. A number of factors are behind the decline – severe power cuts, rising inflation
When the balance sheet breaks
Tongaat is another cautionary tale to investors in any overindebted company
Sibanye starts process that may lead to 2,000 job cuts
Sibanye-Stillwater has entered consultations with organised labour and affected stakeholders
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,
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.