business rescue practitionerslatest news & developments
Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

  • Eyaaz
7 min read
File photo: Oupa Nkosi

Competition Commission to look into complaint over Actom’s acquisition of SSPM

Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal

  • Stella Mapenzauswa
5 min read
Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.

Mid-term budget: ‘Tough love’ for Post Office, which faces liquidation

The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency

  • Eyaaz
2 min read