Solving the uncertainty surrounding the replacement of an interim business rescue practitioner
What process ought to be followed if the interim business rescue practitioner’s appointment isn’t ratified at the first meeting of creditors?
Optimum Coal to exit business rescue after six agonising years
Optimum Coal Mine is about to exit business rescue – reviving the mine and restoring the jobs of thousands of workers
Work from home not going anywhere in South Africa
Property owners and Reits are still battling with double-digit office vacancies as hybrid work becomes a permanent feature in SA.
Ellies’s power play flops, forces electronics group into business rescue
Ellies has entered voluntary business rescue. The company has been under pressure for a while…
Cash Crusaders faces sword after a franchisee revolt
Cash Crusaders is in a precarious financial position after franchisees responsible for 40% of its royalty fees broke away from the group and formed a rival outfit, ‘Cash Xchange’.
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.