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.