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
Transnet looks to disposals to raise R50bn for maintenance
The proposal to dispose of some of Transnet’s assets to raise the R50bn needed for its maintenance backlog
Surprise growth in GDP will not bail out fiscus
While GDP growth is above consensus estimates at 0.6% in Q2, the reading is reflective of the fragile economic environment.
Transnet dagger pointed at the heart of SA’s economy
Transnet will knock 5% off GDP in 2023, on top of a negative 6% in 2022.