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Search: business rescue

SAA out of business rescue but still not on stable ground
Business
/ 18 September 2024

SAA out of business rescue but still not on stable ground

The auditor general report noted that the national carrier is fully-funded by equity or bailouts, but inefficient governance is keeping it in choppy waters

By Aarti Bhana
Tongaat Hulett business rescue on, but industry concerned over R900m in unpaid levies
Politics
/ 15 January 2024

Tongaat Hulett business rescue on, but industry concerned over R900m in unpaid levies

Vision Partners say they will “engage and settle” with the SA Sugar Association

By Paddy Harper
RGS abandons Tongaat bid, claims business rescue is rigged
Business
/ 9 January 2024

RGS abandons Tongaat bid, claims business rescue is rigged

Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede

By Paddy Harper
SOEs going into business rescue a sign of governance failure
Business
/ 15 July 2023

SOEs going into business rescue a sign of governance failure

It highlights that changes need to be made in their operation, experts say

By Anathi Madubela
Tongaat Hulett delays publication of business rescue plan — again
Business
/ 30 January 2023

Tongaat Hulett delays publication of business rescue plan — again

The chief executive will step down on 28 February, the new date for the publication of the strategy

By Anathi Madubela
Tongaat Hulett placed in business rescue as debt rises
Business
/ 27 October 2022

Tongaat Hulett placed in business rescue as debt rises

Tongaat Hulett said it entered into business rescue due to its debt burden and that waiting for additional funding exacerbated the already dire situation

By Anathi Madubela
Lockdown hampers Edcon business rescue – analysts
Business
/ 7 May 2020

Lockdown hampers Edcon business rescue – analysts

Independent retail analyst Syd Vianello says going under business rescue does not mean Edcon will be saved, “it simply gives business rescue practitioners a chance to work out how they can save the company”

By Tshegofatso Mathe
SA Express business rescue practitioners to throw in the towel
Article
/ 23 March 2020

SA Express business rescue practitioners to throw in the towel

With Covid-19 halting air travel, labour unions have been told that lack of post-commencement funding and travel bans have forced airline to the point of no return

By Sabelo Skiti
Gupta-owned Shiva Uranium’s business rescue practitioners throw in the towel
Article
/ 31 May 2018

Gupta-owned Shiva Uranium’s business rescue practitioners throw in the towel

Louis Klopper and Robert Knoop resigned ahead of a legal battle between the IDC, the Gupta-owned company and the business rescue practitioners

By Alex Mitchley
Standard bank denies business rescue for Gupta companies
Article
/ 6 March 2018

Standard bank denies business rescue for Gupta companies

Bank employee acting ‘out of mandate’ faces disciplinary procedures

By Staff Reporter
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