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The Western Cape High Court has dismissed an application by Cayman Islands-registered Sand Grove Capital Management to review the shareholder meeting that approved Heinken’s acquisition of Distell.
Futuregrowth asset management has warned that the Airports Company SA (Acsa) could be headed for a long legal clash with its minority shareholders after the government reneged on its promise to privatise and list the airports operator.
Axed Absa board member Sipho Pityana wants the bank to take him back or compensate him. Absa dismissed Pityana from its board in November 2021, which he is challenging in court.
Former Tongaat Hulett CEO Peter Staude and six others, some ex-directors – charged in a R1.5bn fraud case involving the sugar producer – have been granted R30 000 bail each.
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The business rescue practitioners (BRPs) of Optimum Coal scored a High Court win over a Gupta bid to delay a creditors meeting that is aimed at pushing through a debt-to-equity takeover of the business.
Old Mutual hit out at its former CEO, Peter Moyo, ahead of a hearing in the Gauteng High Court in which the group’s former boss is seeking both reinstatement and R250m in damages from the company.
Tongaat Hulett has filed a R450m civil claim against some of its former executives and is also seeking a order declaring them delinquent directors, reports Fin24.
Old Mutual's legal team has rejected Dali Mpofu calls for the insurer's board members should be jailed. As previously reported, Moyo has applied to have directors (including chairperson Trevor Manuel) declared delinquents for alleged negligence and wilful misconduct.
Almost 16 months since Old Mutual sought to end an acrimonious legal battle with Peter Moyo, the saga refuses to go away, reports BusinessLIVE.
Western Cape High Court Judge Hayley Slingers has given reasons for her ruling that Steinhoff meets the definition of a company that can be liquidated under SA law despite being registered in the Netherlands.
Steinhoff has argued that letting a High Court decision that the case to liquidate it be heard in SA stand will create a precedent that could backfire and damage relationships with foreign courts.
Start-up players in SA recently released findings as part of a proposal to create a start-up law, calling on government for legislation to enable local tech-backed businesses to scale faster and compete globally without having to go offshore.
The former owners of Tekkie Town can proceed with their liquidation application against Steinhoff International, after the Western Cape High Court dismissed the intervention application of two parties and confirmed that the local courts have jurisdiction to hear the case.
Attorney Barnabas Xulu will have to pay back more than R20m in legal fees unlawfully paid to his firm, following a scathing High Court ruling that found the lawyer for Western Cape Judge President John Hlophe had ‘flouted the law’.
After years of secrecy around Mango’s true financial status, court papers reveal the budget airline is drowning under a debt of R2.5bn, Rapport reports.
Steinhoff's route to concluding a settlement with claimants may have got trickier after the Western Cape High Court found that it breached the Companies Act two years ago.
EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King.
The Constitutional Court has ruled in favour of Altron, standing behind a 2020 decision by the SCA to overturn a High Court ruling on the loss of a contract worth R1.2bn by the City of Tshwane that had been awarded to the technology group.