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Cash-strapped businesses and residents drowning in municipal debt have been thrown a lifeline — a new amnesty deal that could see half their overdue bills wiped out if they settle the balance within a year.
The arrears rate has steadily increased over the past year, climbing from 64.8% in July 2024 to 67.6% in July 2025.
Since June 2024, household debt has surged from R12bn to R16bn. Unpaid water bills alone account for R9bn.
The Nelson Mandela Bay municipality has launched a programme to write off 50% of debt on all residential and business accounts that are in arrears, offering much-needed breathing room.
The applications for the revenue enhancement programme opened on July 1 and will close on September 30.
Administrators were first appointed on May 29, 2025, with a first meeting with creditors taking place on June 11. Image: Mark’s Linehaul
Forty-three trucks and trailers have been put up for sale, as yet another transport business enters administration.
According to the Australian Securities and Investments Commission (ASIC), Mark’s Linehaul Pty Ltd, formerly known as MFD Linehaul Pty Ltd, has been placed into voluntary administration.
Administrators were first appointed on May 29, 2025, with a first meeting with creditors taking place on June 11.
Jirsch Sutherland was appointed as liquidator, and under its instruction, Mark’s Linehaul’s fleet of 43 prime movers and…
(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
Skydive Buzz, based in Dunkeswell Aerodome, said it made the “difficult decision” to cease operations and place the company into compulsory liquidation.
Skydive instructor Adam Harrison and Belinda Taylor from Totnes died after their parachute failed to open during the tandem dive on June 13.
A statement on company website said: “It is proposed that the company be placed into compulsory liquidation in due course.
“The Official Receiver should be in contact with creditors and customers to provide an update regarding the closure of the company and the proposed liquidation proceedings.”
In a social media post, Dunkeswell Aerodome said: “We would like to thank our staff, customers and all involved with Sky Dive Buzz…
The business had a number of assets at the date of liquidation, including $2215 in cash, as well as several fixed/intangible assets, although it was too early to determine the value of these.
Liquidators determined the business had five security interests registered against it and are currently evaluating preferential creditor claims, including unpaid wages and holiday pay.
As of July 22, liquidators have confirmed $84,328 is owed to Inland Revenue for GST payments, with other amounts still to be determined.
As for unsecured creditors, $648,161 is owed to directors of the business, with trade creditors owed $129,806. A further $225,701 is listed under a shareholder’s current account.
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Anil Ambani (File)
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