Ghost towns: The mills in Tongaat, Maidstone and Felixton have fallen silent. Photo: Delwyn Verasamy While the sugar industry has shown green shoots amid the introduction of the Sugar Value Chain Master Plan, parliamentarians have warned that allowing Tongaat Hulett to collapse would undermine the gains. During the portfolio committee on trade, industry and competition…
If you’ve ever felt frustrated about the whole “go into debt to build your credit history” thing, KOHO has come up with a solution. Available through the KOHO app, KOHO Credit Building lets eligible users build credit history without a traditional credit card or taking on interest-bearing debt. Whether you’re looking for ways to grow…
The Ritz-Carlton Yacht Collection has secured a debt restructuring agreement with its lenders while posting record quarterly bookings, according to the company’s Q1 2026 bond report, published on May 29. Adjusted EBITDA for the quarter of 2026 was negative $19 million, compared to negative $33 million for the first quarter of 2025. The company confirmed…
The Supreme Court has said that when associated or group companies are so inextricably connected that they effectively function as one concern, courts can lift the corporate veil and look at the economic reality of the group as a whole. Answering the question of when such a step can be taken, a Bench of Justices…
The Insolvency and Bankruptcy Board of India (IBBI) has put in place a formal mechanism for ending voluntary liquidation proceedings before a company is dissolved. The latest changes also tighten the claims process by requiring stakeholders to update claims that have been partly or fully satisfied and by obligating liquidators to explain why any claim…
Kalas Packaging acquires Ryedale print business from liquidation Printweek Read the original article here
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The founders of Catch and Scoopon have acquired Click Frenzy and plan to relaunch the website, weeks after the online sales platform collapsed into liquidation. Gabby and Hezi Leibovich, who founded local e-commerce pioneer Catch in 2006, revealed the acquisition of Click Frenzy and its digital assets on Monday. Founded in 2012 by Grant Arnott,…
The company behind online tickets platform Tickets.ie is ceasing trading and is poised to go into liquidation. The business, which is majority-owned by the DEAG Group, a German live-entertainment and ticketing company, made this announcement after the bank holiday weekend. The decision has led to “shock” among festival organisers who have used it…
Msunduzi Municipality has launched a major debt relief programme offering qualifying residents and businesses discounts of up to 50% on outstanding municipal debt in a bid to improve revenue collection and ease financial pressure on consumers. The municipality’s #RandForRand discount campaign, which runs from May 1 to December 31, 2026, has, however, drawn mixed reactions,…