S&P: MTR May Expand Debt Financing to Support Investment Plans AASTOCKS Financial News

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A ticking time bomb set to go off in April

The clock is ticking for embattled sugar giant Tongaat Hulett and the hundreds of thousands of people who depend on it. The company has two critical deadlines looming in April: the opening of its mills, and a court case to determine whether the company is placed in provisional liquidation. Tongaat head office stripped of expensive…

Hero Electric to be liquidated – Introduction

Hero Electric is headed for liquidation after the Committee of Creditors (CoC) failed to achieve the mandatory 66 percent majority required to approve a resolution plan under the Insolvency and Bankruptcy Code. The company’s insolvency journey began on December 20, 2024, following an application by operational creditor Metro Tyres Limited. CoC deadlocked at 50-50 split…