The High Court has granted an order placing construction giant Murray & Roberts Holdings under provisional liquidation.

This comes after one of the company’s creditors applied for the final, alternatively provisional, winding-up of the company in August 2025.

On Monday, 8 September, the court granted this order and placed Murray & Roberts Holdings under provisional liquidation.

In terms of this liquidation order, the matter will return to court on 17 October 2025, at which time the creditor will seek a final winding-up order.

Founded in 1902, Murray & Roberts is one of South Africa’s oldest companies and has been pivotal in building the country’s mining infrastructure over the past century.

However, the…

According to a recent study conducted by Helix Law, a firm of litigation specialists based in the South of England, business insolvencies surged across the UK in 2024, with thousands of companies pushed into collapse by rising costs, stubborn inflation and tighter borrowing conditions.

While all regions in the country have undoubtedly been feeling the pressure, new research shows that there are, in fact, clear geographical differences in how businesses are coping. Indeed, some areas are proving particularly vulnerable, with survival rates plummeting and insolvencies accelerating at an alarming rate.

The findings of this report reveal not only where businesses are failing but also why certain parts of the UK are bearing the brunt, and…

In the debate on international development, there is one uncomfortable truth we can no longer ignore: Debt is quietly undoing decades of progress. Right now, at least 1 in 3 developing countries are spending more on interest payments than on health care or education. That means children missing out on school, hospitals without medicines, and communities unable to recover from climate disasters.

Debt is not a sidenote in the development debate, it is the fault line upon which progress now stands or falls. And because around 90% of this debt is governed by English law, the United Kingdom is uniquely placed to help fix it by enacting new regulations.

Before entering the U.K.Parliament, I worked as a development banker. I have seen both the…

Ayesha Hatea|Published 6 hours ago

US-based solar and battery storage real estate investment company SolaREIT has secured a $200m (€169.9m) debt facility loan from SLC Management.

SolaREIT said the new debt facility will support its land financing solutions for solar and battery energy storage system developers across the US.

The capital will be used to expand the company’s solar and storage land purchases, lease purchases and land loans.

Laura Pagliarulo, CEO of SolaREIT, said: ”This partnership with SLC Management strengthens our ability to deliver fast, flexible capital to developers, at a time when they need it most.

”The facility reflects growing institutional confidence in our business model and provides scalable access to low-cost capital in a…

PT Indo Bharat Rayon is a debtor of four textile companies, namely PT Sri Rejeki Isman (Sritex), PT Sinar Pantja Djaja, PR Bitratex Industries, and PT Primayudha Mandirijaya.

The company submitted a request to the Class 1A Special District Court (PN) of Semarang to grant the request for the annulment of the settlement that had previously been decided through a homologation decision.

PT Indo Bharat Rayon demanded the cancellation of the peace agreement because the four companies were deemed negligent in fulfilling their debt payment obligations.

When asked about the contents of the peace agreement, Haruno admitted that he…