Tau lambasts Tongaat BRPs over liquidation application

Claims the Companies Act is being ‘abused and perverted’ by the BRPs to push for the liquidation of Tongaat ‘against the public interest’ Minister of Trade, Industry and Competition Parks Tau has lambasted the conduct of the business rescue practitioners (BRPs) of financially distressed, suspended JSE-listed sugar producer and property developer Tongaat Hulett. Tau said…

Unitech International CoC Meeting: Key Decisions Postponed, Form G Addendum Approved

Decisions on appointing legal counsel and statutory compliance firms were postponed, alongside Resolution Professional expenses, during Unitech International Ltd’s 6th Committee of Creditors (CoC) meeting on March 2, 2026. An addendum to Form G, vital for inviting resolution plans, however, received unanimous approval. Reader Takeaway: CIRP timeline faces potential delays as critical appointments are postponed;…