I met a young entrepreneur who runs a debt-solutions business that helps people who cannot get out of their financial mess. Like others in its industry, this business provides budgeting advice, assists clients with payment arrangement with creditors and lends money. Sadly, business is booming. I say sadly because nobody likes to see people wreck…
Afrikaner rights group AfriForum said over the weekend they might have to attempt to have EFF leader Julius Malema and his party declared bankrupt in an effort to squeeze out the last of the legal costs the party still owes AfriForum. On Wednesday, two separate judges of the High Court in Pretoria granted two further…
A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case. Business…
Katie Price has her hands full with bagloads of bargains from Poundland. The mum of five was once worth 45million thanks to a hugely successful modelling career, TV shows, books and endless product endorsements. But now it looks like she is checking the Pricey of things a little more carefully after a change in her…
Business News of Saturday, 17 November 2018 Source: 3news.com The Central Bank, Bank of Ghana Officials of the Central Bank involved in alleged misconduct leading to the collapse of some indigenous banks are being investigated, 3news.com has gathered. Most of them will be sacked if the allegations against them are found to be true. On…
Paul ODonoghue, IrelandBusiness Reporter It was hoped that the turbines would prove the technology of OpenHydro, co-founded by Brendan GilmoreNICOLAS JOB An Irish-made turbine deployed in Canada in July to help test the viability of tidal technology was damaged beyond repair after only two months. Dublin-based OpenHydro was one of the first companies to attempt…
Auditor General Edward Ouko has said the East Africa Portland Cement Company (EAPCC) cannot pay its debts. The companys books have deteriorated rapidly over the past one year, pushing it Sh2 billion further into insolvency. ALSO READ: Billions gobbled up by Nairobi County, audit reveals The groups current liabilities exceeded its current assets by Sh6…
“PECO has remained untouchable.” Rich families have always lorded over the countrys regional economy, as those with vast landholdings and businesses in the provinces dominate the local economy, usually with their huge agri-industrial businesses migrating to public services. Such is the case for the Cacho family of Iloilo, the majority owner of the controversial…
CORPORATE RECOVERY (INSOLVENCY) LAWYERS NQ+ LEEDS CITY CENTRE Competitive Salary Package HJ303 One of the Norths top Corporate Recovery teams is looking to expand. Working with a range of sectors including sport, retail and professional services this team advises on both contentious and non-contentious personal and corporate insolvency matters. There is plenty of variety: from…
Wan Azizah holds up the Financial Behaviour for Quality Lifetime book after launching AKPKs inaugural Financial Literacy Symposium 2018 while AKPKs chairman Anuar Mohd Hassan (left) and chief executive officer Azaddin Ngah Tasir (right) look on. Bernama photo KUALA LUMPUR: The Malaysia Department of Insolvency says 64,632 Malaysians aged between 18 and 44 have been…