Government has moved to avert the collapse of Tongaat Hulett, with the Department of Trade, Industry and Competition (DTIC) pledging to oppose the company’s provisional liquidation and intensify efforts to secure a rescue plan for the embattled sugar giant. The intervention offers a measure of hope for KwaZulu-Natal’s rural economy, where thousands of jobs and…
Southern Archipelago Ltd.: FY2025 Results Warning and Outlook On 23 February 2026, Southern Archipelago Ltd. issued a results warning regarding its financial performance for the year ended 31 December 2025. The company, together with its subsidiaries, signaled a challenging year with expected net losses due primarily to the liquidation of a dormant subsidiary. Key Announcements…
Stephen Grootes speaks to Sam Sole, Managing partner of the amaBhungane centre for investigative journalism about the high stakes battle over Tongaat Hulett, the looming liquidation bid, and the claims of corporate manipulation that now threaten the entire KZN sugar economy. Listen to the interview in the audio player below. A critical court hearing scheduled…
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1 Further comprehensive and independent review The Committee recommends that the government commission a comprehensive and independent review of Australia’s insolvency law, encompassing both corporate and personal insolvency, as soon as practicable, and progress several other near-term actions as identified in the executive summary. 2 Further consideration of appropriate principles and objectives of insolvency law…
The acceleration from routine production sales to a full reserve liquidation within a single week represents a material shift. Bitcoin News Bitcoin mining firm Bitdeer Technologies has liquidated its entire corporate Bitcoin treasury, reporting zero holdings as of Feb. 20, according to a weekly operational update the company posted on X. The disclosure marks a…
Grants Wholesale also agreed to appoint joint liquidators at the meeting in the Scottish capital. Kevin Mapstone and Kenneth Robert Craig of Begbies Traynor were subsequently appointed liquidators. Read More: The company was registered in Edinburgh and involved in the “wholesale of clothing and footwear”, with a main trading address in Houstoun Industrial Estate in Livingston.…
Barrow Shaver Resources Company, LLC filed a Chapter 11 Plan of Liquidation on February 19, 2026 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The Plan proposes to transfer all remaining property of the estate to a Liquidation Trust, which will be funded primarily from proceeds of a previously…
An increase in the monthly number of company insolvencies, as well as a rise in the unemployment rate and slow GDP growth, highlight the continued financial strain facing businesses as 2026 begins. This is according to the North West chair of the UK’s restructuring, turnaround and insolvency trade body R3. It comes of the back…
40-year-old trucking company closes, files Chapter 7 bankruptcy thestreet.com Read the original article here