Tag: Liquidation
Call for responsible decision making in Tongaat Hulett business rescue
By Dr Kobus Laubscher, Agricultural Economist
The potential failure of Tongaat Hulett Limited’s business rescue process threatens to unleash a cascade of economic and social consequences that could derail South Africa’s sugar...
Strategic Equity Partnership for SAA aimed at saving airline: Gordhan
Public Enterprises Minister Pravin Gordhan says the sale of shares in South African Airways (SAA) was aimed at ensuring that the State-owned airline is saved and does not undergo liquidation.
Gordhan was...
Business rescue vs liquidation: What is the best option for my company?
IF your company is in financial difficulties, whatever the reason, there are really only two choices you have when it comes to legal options; that being business rescue or liquidation. To put...
Urgent liquidation auction of Namibian table grape farm
A once-in-lifetime opportunity has arisen - table grape farmers or those looking to enter the industry can purchase a table grape farm in Namibia. This farm, in liquidation, must be sold!
In...
Helping small businesses get back on track, in 4 strategic steps
Using words and phrases such as “pandemic”, “the new norm”, “asymptomatic” and “quarantine”, which were previously rarely used in our public discourse – if ever – has become as synonymous as talking...
SAA liquidation means financial hardship, DPE warns
The Department of Public Enterprises (DPE) cautioned South African Airways (SAA) employees, labour unions and creditors that the liquidation of the airline will lead to financial hardship for employees and substantial...
SA Express to be placed under provisional liquidation
The High Court in Johannesburg, earlier today, granted an order for the provisional liquidation of SA Express, the South African state airline.
This comes after the airline was placed under a form...
Trans Hex gem in liquidation
PAROW-based diamond mining company Trans Hex Group has been dealt a severe blow.
First the group’s plans to sell its 67.2% stake in West Coast Resources (the old De Beers Namaqualand diamond...
Business rescue or liquidation – when to choose which
A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a...
MUST READ
Transport Month panel discussion tackles Cape Town’s congestion conundrum
The City’s Urban Mobility Directorate kicked off Transport Month with a panel discussion around Cape Town’s congestion conundrum at the Concourse in the Civic...