Tongaat’s BRPs have had difficulty releasing its statements as auditors wouldn’t sign off that Tongaat was a going concern.

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Business Rescue Explainer – How does it work?
Listen to this podcast on 702’s Early Breakfast with Africa Melane about how Business Rescue works
Sibanye: Restructuring and closures could affect over 4,000 jobs
Sibanye’s planned restructuring, which could see it close to four loss-making platinum group metal shafts in SA
SA CEO exodus: What’s behind their sudden departures?
With the rise of labour costs and interest rates, companies are looking for new leaders.
Setting aside transactions in terms of the Insolvency Act
The Western Cape High Court illustrated that timing and the nature of a transaction are key when relying on section 26(1) of the Insolvency Act 24 of 1936 (Act)
Clarity on business role in Transnet
Transnet’s turnaround plan doesn’t seek to place it under private control, but rather include private sector participation
High court ruling to change business rescue landscape
The High Court has put out a ruling for creditors in business rescue, which has significant implications for post-commencement financier
Ascendis Health brings subsidiary out of business rescue
Ascendis Health says its subsidiary Surgical Innovations had come out of voluntary business rescue.
The effect of business rescue proceedings on directors
One of the areas of uncertainty when it comes to business rescue proceedings
R12.5bn debt headache for SA Post Office business rescue practitioners
Since stepping in at Sapo two months ago, BRPs have managed to restore medical scheme contributions
Absa AgriTrends Spring Edition 2023
Many of the key issues facing SA’s agricultural industry before winter are still at play.
Nampak raises R1bn from shareholders to reduce its debt
Debt-laden packaging manufacturer Nampak has raised R1bn from its shareholders
Evolving power dynamics between a board and business rescue practitioners
There have been burning questions surrounding which powers shift from the board to the business rescue practitioners.
SA publishes draft bill to establish a holding company for state entities
SA has released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom
Transaction Capital CEO David Hurwitz forced out
Transaction Capital listed 7 progress items in its operational restructuring of SA Taxi