Union pledges to resist the mass job cuts in the post office
The business rescue plan for the SA Post Office estimates 6,000 workers – more than half the current workforce of 11,038
Tongaat Hulett’s creditors finally accept rescue plan
Tens of thousands of people reliant on the sugar industry for their living can rest easier after Tongaat’s business rescue plan was finally accepted
Businesses in South Africa hoping for the best in 2024
With ABSA’s PMI rising 2.7 points to 50.9 index points – above the neutral reading of 50 – in Dec, we’re hoping for the best in 2024.
Vulnerability caused by compliance: Section 129(7) of the Companies Act 71 of 2008 and the risk of being wound up
The spotlight on directors and compliance with their fiduciary duties often comes under scrutiny when a company finds itself in financial distress.
South Africa’s new state-owned company gets the go-ahead
The Cabinet has approved the Draft National State Enterprises Bill for tabling in Parliament – to create a new state-owned holding company to manage the finances of all our SOEs
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