Why the commencement date of liquidation is important, and how its possible manipulation should be interrogated

The case of Enyuka Prop Holdings (Pty) Ltd v United Merchants CC and Others 2025 JDR 2947 (GJ) untangles a web of what the court described as “collusive dealings” between two related close corporations, United Merchants CC (United) and Truval Manufacturers CC (Truval). This judgment is important because it shows that the courts are prepared to “untangle…

Tongaat Hulett: Farmer-led group forms as liquidation looms

With the crucial liquidation hearing of Tongaat Hulett less than a month away and no firm solution in sight to prevent the company’s collapse, a newly formed grower-led entity has emerged to spearhead a rescue mission. Named “GrowerCo”, the initiative aims to secure the necessary funding to keep Tongaat Hulett’s mills and refinery operational. Unlike…