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liquidationlatest news & developments
If the liquidation application against Tongaat Hulett proceeds, it could have severe socio-economic consequences for rural economies in small towns across KwaZulu-Natal.

Tongaat Hulett gets lifeline as court grants delay in liquidation bid

Tongaat Hulett has been granted a temporary reprieve from liquidation after the Durban High Court approved an adjournment, giving business rescue practitioners time to finalise a…

Challenged: IFP leader Velenkosini Hlabisa

IFP will take to the streets to defend Ithala, says Hlabisa

The SOC will be at the high court on Thursday to oppose an application for its liquidation

Ster-Kinekor’s successful exit from business rescue has saved it from liquidation and ensured the continued employment of staff and the refinancing of existing capital structures.

Ster-Kinekor escapes liquidation, thanks to investment

The R250 million transaction involved dealing with the cinema group’s debt, as well as the purchase of 100% of its shares by UK and local firms

Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.

Post Office owes R842m to worker pension fund and medical aid

There is growing concern about a possible liquidation of the entity should it not be repurposed

‘Temporary suffering’: Bernard Mostert has cofounded a new footwear company but is determined to have his day in court to try to obtain Steinhoff’s liquidation. (Chris Leggatt)

Tekkie Town’s Steinhoff fight: ‘We will get our business back’

Bernard Mostert on the ordeal of losing a business he helped build and the fight to get it back

Small business owners closing shop and feeling the financial squeeze

The hopes and dreams of many entrepreneurs have been dashed. We track some of the owners of SMMEs, who talk of losing everything they worked for

SA Express employees beat out 16 other interested parties to buy a stake in the troubled state-owned airline.

Workers get their slice of SA Express

Proposals for how to carve up ownership of the airline could mean that the government will no longer hog the whole pie

SAA is about to be closed, which will pave the way for a new airline. (Delwyn Verasamy/M&G)

SAA crash-lands but new airline will take off

During discussions between unions and business rescue practitioners and the government, it was decided that the national carrier would be closed and a new airline formed

As SAA subsidiaries declare hardship to staff, business-rescue practitioners urge them to sign agreements to save severance payouts. (John McCann/M&G)

SAA rescuers give affected parties two options: Wind down or liquidate

As SAA subsidiaries declare hardship to staff, business-rescue practitioners urge them to sign agreements to save severance payouts

SAA cut off to protect other SOEs

After years of pumping billions into the airline, government picked business rescue to prevent a wider fallout at Eskom and other state entities

Bosasa CEO Gavin Watson (L) and former Bosasa COO Angelo Agrizzi in happier times.

Bosasa tells court: We are being hijacked by liquidators

Bosasa wants the decision to place the company under voluntary liquidation, should be declared null and void

Kuben Naidoo, chief executive of the prudential authority, says the curator found VBS could not be resuscitated. (Oupa Nkosi/M&G)

VBS needs to be wound up ‘urgently’

Reserve Bank is second to apply for liquidation and it remains to be seen if this causes a delay

Bluster: Creditors are owed millions but Ioannis Ntinos seems to have few assets. But he does have another company

Rotten deals follow Cosmo Fruit

Liquidators are searching for assets after Ioannis Ntinos’s company was declared insolvent

Minister of Mineral Resources Gwede Mantashe. (Gallo)

ANCYL faces new liquidation threat as creditors come calling

The ANC settled the league’s previous creditors in March, but now Gallagher Estates wants the money it is owed for the 2011 ANCYL conference.

Moves to oust Goldrich from Blyvoor

Moves to oust Goldrich from Blyvoor

Alleging asset stripping and illegal gold sales from the mine, liquidators warn of an Aurora rerun

Diamonds are prepared in Gaberone and then traded out of there rather than London. Namibia

Search on for ANCYL assets as liquidators close in

If the ANC Youth League is permanently liquidated, questions will arise over the troubled body’s missing assets.

Village Main Reef stocks reach highest in seven weeks

The gold production company has reported record highs at its Tau Lekoa flagship mine and restructuring at other operations.

The question is, can the 1Time bid fly? (Photo Archive)

Question is, can the 1time bid fly?

The firm bidding to take over the failed airline has brought to light several unexplained connections.

How dirty is Godongwana’s laundry?

Deputy economic development minister Enoch Godongwana is set to be grilled on what happened to a massive loan from a textile workers’ pension fund.

Fewer companies liquidated: Stats SA

Fewer companies closed down in April 2011 compared to the same month last year, Statistics South Africa said on Monday.