South African Giant Murray & Roberts To Be Sold Off To Consortium Of Investors
With the company now commercially insolvent, the board of directors has recommended a voluntary winding-up.
South Africa Kissed Another 133 Businesses Goodbye In July, Bringing Total Liquidations To 892 This Year
Although liquidations declined by 5,3% in the first 7 months of 2024, 890 business owners have already seen their dreams shattered.
Telkom Ditches The South African Post Office
Perhaps they could convert the old post office buildings into monuments to an institution that worked at some point, but is now just pointless and riddled with corruption and incompetence. Like they did at Luthuli House.
It’s All Over For Doomed Comair
It looks like the days of the once-flourishing Comair are officially drawing to a close, as business rescue strategies have failed to keep the airline from going under.
They’re Selling Kyalami
Ever thought it might be cool to OWN your own racetrack? Maybe start your own Top Gear and become wildly famous…? Ok, maybe not but you could in fact now BUY the iconic Gauteng race track after it was liquidated.
The Liquidation Of South African Construction Company Has Left Investec And Sanlam In A Tight Spot
First Strut’s liquidation puts Sanlam and Investec’s money managers at risk. The company that supplied the mining, power and transport industries has been placed under liquidation.
Jo’Burg Tech Firm To Liquidate, Following Owner’s Suspicious Murder
Jeff Wiggill, owner of First Tech Group, was found with gunshot wounds to his head in June 2013 after a reported highjacking. But some believe his death could be linked to the company’s unpaid debts.
Cape Town Hotel Pushes To Liquidate Ex-Convict / Sushi King, Kenny Kunene
A Green Point hotel which acts as the landlord for ZAR nightclub, owned by ex-convict Kenny Kunene, has filed for their liquidation. Kenny Kunene, who also happens to be a good friend of Oscar Pistorius, claims the hotel ‘fooled’ them with regards to their liquor license.
Pinnacle Point Liquidation Inquiry Reveals Spicy Email Exchange With Consul-General
A consul-general’s job, amongst other things, is to facilitate trade and friendship between citizens of two countries. Marie-May Kolsch, the Seychelles consul-general, may have taken that mandate a little too far, judging from some rather salacious communication between herself and a former director of the failed Pinnacle Point property group. An eyebrow-raising email exchange, after the jump.