Move seen as precursor to LIC IPO; 5% minimum public shareholding compulsory on IBC relisting TopicsIPO|LIC |market cap Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent.…
A company director who owes businesses $20 million after his company went broke on an Andrews government road project has been accused of siphoning cash from a company he partly owned. More than 200 civil construction firms were left thousands of dollars out of pocket on the $1.8 billion Western Roads Upgrade after a major…
Share This: Sara-Jayne King talks to SARGF’s Noxolo Adonis and a UK recovering addict who had to borrow almost R2m to pay off gambling debt. – Problem gamblers can talk to counsellors 24/7 in SA on a toll-free helpline – The South African Responsible Gambling Foundation says calls have spiked during lockdown – A UK…
Covid-19 has put the cashflows of many businesses under severe pressure. While business levels are starting to recover, the withdrawal of government supports will lead to greater liquidity problems and increased creditor pressure. Crowes corporate restructuring and insolvency advisors can help business owners find turnaround solutions and put the business back on the recovery pathway.…
Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures as it becomes a reform by, for and of the stakeholders, according to IBBI Chairperson M S Sahoo. Little over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides…