Business Rescue

SAA’s rescue men fly in defiance

The airline’s business rescue practitioners ignored a warning not to announce route closures and possible job cuts ahead of a restructuring plan

A Sona to reflect troubled times

Ramaphosa and his role model Nelson Mandela became presidents of South Africa in very trying times

SAA workers told not to return to work next month

The airline’s employees in Durban have been told to join the unemployment queue on March 1 because the city’s route will be closed at the end of February

Treasury is still seeking SAA funds

The government has committed an additional R2-billion to the airline, but has yet to pay it out

Procrastination hasn’t helped SAA

Taking tough decisions was always a political risk. But now it may be too late for business rescue

Numsa heads to court to stop asset sale of Gupta-linked VR Laser

Numsa's urgent application is against VR Laser Services, the two business rescue practitioners and other respondents

Gupta firms are viable but …

The banks are fighting shy of the politically hot companies, putting business rescue in jeopardy

Rescue practitioners secure banking facilities for Gupta businesses

Standard Bank has agreed to provide banking facilities to eight embattled Gupta-linked entities

Numsa forces company into rescue

Trade union wins high court case and hopes to save jobs for 165 of its members who faced the axe.

Business rescue yields mixed bag of results

Business rescue, South Africa's equivalent to chapter 11 bankruptcy in the United States, is generally working well.

Latest

Coronavirus: South Africa will evacuate citizens from Wuhan

The government is expected to evacuate citizens from Wuhan, where the coronavirus outbreak originated

Primedia CEO Essack leaves following internal battles

Omar Essack leaves the 702 and 94.7 owners after a protracted standoff with the board

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget

The budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead

Press Releases

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs