Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone’s finance ministers made the announcement during a plenary debate in Parliament on 27 April. He also apologised to MEPs about recent remarks that proved controversial. Greece…
With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Code. With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of…
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The statistics show 12,190 Scottish debtors became subject to a formal debt remedy in 2016/17. This was a year-on-year increase of 16 per cent on the 10,515 who entered a remedy in 2015/16. This increase is the first overall increase in numbers for five years. The figures released show that although there is an overall…
Days after the Federal Government announced a uni student fee hike, a national report has found students have higher rates of mental health problems than non-students, and being loaded with debt doesn’t help. The report by the National Centre of Excellence in Youth Mental Health, Orygen, lists some key reasons why uni students struggle with…
The first quarter didn’t go quite as well as Genesee & Wyoming (NYSE: GWR) planned. While the regional rail operator enjoyed the benefits from the first full quarter of operations at two recent acquisitions, several other issues weighed on earnings, which sank during the quarter. That said, the company expects to put many of these matters in the…
JOHANNESBURG (miningweekly.com) Dual-listed alluvial diamond miner Rockwell Diamonds move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the urgency it sought to establish by bringing forward the hearing date for the interim liquidation order against three of its subsidiaries. Following the March 23 interim liquidation order against…
A 100% black-owned Port Elizabeth construction company faces liquidation, with the resultant loss of 300 jobs, following claims that the Nelson Mandela Bay Municipality owes it R117-million. The Port Elizabeth High Court has provisionally wound up Masakeni Construction (Pty) Ltd, ordering a commission of inquiry in terms of the Companies Act. Masakeni director Khwezi…
BBC star became business partners with Lymington landlord Rob Smith in 2014 Mr Smith, who ran The Haven since 2002, then embarked on expensive refurb DJ called bar the ‘best on the south coast’ and used it during Children in Need But three years on the bar has been shut down and Mr Smith declared…
Rent controls could help to trigger a renaissance of Britain’s seaside towns, a report argues. The Housing and Finance Institute said dysfunctional housing markets are at the heart of a “spiral of decline” in many coastal communities. It argues that tenants and taxpayers are often overpaying for housing which is not worth the rent being charged.…