KIMBERELY – Nkosikhona Lila, an official of the National Union of Metalworkers of South Africa (Numsa), confirmed today, Wednesday 25 February, that Ekapa Minerals Mine in Kimberley went into liquidation as from 12:00 today. No official statement from the company has been forthcoming. The sudden liquidation of the company, the union’s exclusion from the process,…
JOHANNESBURG – The Ekapa mine in Kimberley has shut down with immediate effect. The five workers who were trapped underground are now presumed dead. The company has also applied for liquidation. Meanwhile, 385 workers have reportedly not been paid this month. In a statement, the company said: “After careful consideration of all operational, financial and…
After revealing that the writing is on the wall, the known AA publisher and accessory maker Nacon has filed for insolvency, putting the company in jeopardy. Last week, it was reported that Bigben Interactive (Nacon’s parent company) was facing serious financial issues that were affecting its subsidiaries’ businesses. According to a Traxion report, Nacon temporarily suspended…
The Supreme Court held that in proceedings initiated by a financial creditor under the Insolvency and Bankruptcy Code 2016, the adjudicating authority is required only to examine the existence of a financial debt and default, and that the defence of a pre-existing dispute is inapplicable. The Court was hearing a Civil Appeal filed under Section…
The unexpected shutdown of Australian herb and salad grower Dicky Bill has left backpackers and Pacific Australia Labour Mobility (PALM) scheme workers scrambling for new jobs. More than 180 people were working at Dicky Bill Australia’s Queensland and Victorian farms when they suddenly found themselves unemployed last week as the family-run company went into voluntary…
Embattled wealth management firm Dixon Advisory has filed for voluntary administration after its directors determined that mounting liabilities from class actions, settlements and regulatory penalties would leave the entity insolvent. In a statement to the ASX on Wednesday, the firm’s parent company, E&P Financial Group, said PwC partners Stephen Longley and Craig Crosbie had been…
Shareholders, Face 25.02.2026 – 15:12:43 | boerse-global.de Polished.com has ceased operations and entered Chapter 7 liquidation. A trustee will sell assets to pay creditors, with shareholders last in line and likely to receive nothing. The corporate journey of Polished.com has reached its definitive conclusion.…
STA Travel Group information Deloitte Read the original article here
Carter Newell flags key risks for company directors in Australia Insurance Business Read the original article here
Money Management looks at the events that led to the voluntary administration of one of Australia’s top research houses. 6 August — Illiquid investment sees redemptions suspended on Blueprint fund van Eyk announces its decision to suspend redemptions on its Blueprint International Share Fund (VBI) and three other funds to protect investors’ interests following a…