Business Rescue

SAA’s rescue men fly in defiance

Article Thando Maeko - 21 Feb 2020

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

Article Bongekile Macupe & Khadija Patel - 13 Feb 2020

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

Article Thando Maeko - 13 Feb 2020

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

Business Tshegofatso Mathe - 24 Jan 2020

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

Procrastination hasn’t helped SAA

Article Sabelo Skiti - 6 Dec 2019

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

Article Carin Smith - 18 Sep 2018

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

Gupta firms are viable but …

Article Staff Reporter - 9 Mar 2018

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

Rescue practitioners secure banking facilities for Gupta businesses

Article Staff Reporter - 6 Mar 2018

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

Numsa forces company into rescue

Article Staff Reporter - 9 Jul 2015

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

Article Teigue Payne - 16 Nov 2012

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

Latest

National

Coronavirus: South Africa will evacuate citizens from Wuhan

Thanduxolo Jika & Chris Gilili - 26 Feb 2020

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

National

Primedia CEO Essack leaves following internal battles

Chris Gilili & Thanduxolo Jika - 26 Feb 2020

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

National

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget

Eyaaz Matwadia & Kiri Rupiah - 26 Feb 2020

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

Special Reports

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

Derek Davey - 27 Feb 2020

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

Special Reports

Tourism can push Africa onto a new path – minister

Derek Davey - 25 Feb 2020

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

Special Reports

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

Derek Davey - 25 Feb 2020

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

Special Reports

Business travel industry generates billions

Derek Davey - 25 Feb 2020

Meetings Africa is ready to take advantage of this lucrative opportunity

Special Reports

Conferences connect people to ideas

Derek Davey - 25 Feb 2020

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

Special Reports

SAB Zenzele Kabili B-BBEE share scheme

Derek Davey - 25 Feb 2020

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

Special Reports

Digging deep

Derek Davey - 25 Feb 2020

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

Special Reports

TFSAs are the gymnasts of the retirement savings world

Derek Davey - 25 Feb 2020

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