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Daily Archives: June 22, 2026

380 investors face losing R17m after court places company under final liquidation

LiquidationBy EditorJune 22, 2026

The Western Cape High Court has placed Polanocol (Pty) Ltd under final liquidation after finding the company had contravened the Share Block Control Act. About 380 investors, who collectively invested more than R17 million, face losing their investment. Ashraf Hendricks/GroundUp Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your…

Credit card debt is squeezing households — credit counselors say act now

Debt HelpBy EditorJune 22, 2026

Serious credit card delinquencies — balances 90 days or more past due — are the highest they’ve been in 15 years, according to recent data from the Federal Reserve Bank of New York. For certified credit counselors, who spend their days helping Americans dig themselves out of debt, this number isn’t a surprise. “Every time…

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