KleuterZone founder’s estate provisionally sequestrated

The missing founder and CEO of KleuterZone, Anthonie Bouga’s personal estate was provisionally sequestrated yesterday, meaning he can no longer access his SA bank accounts, reports Fin24.

Pastor’s Constantia mansion under the hammer

Standard Bank has targeted pastor and politician Jerome Swartz’s upmarket Cape Town home.

Liquidators and Tariomix curator square off

An attorney who was appointed as curator of the company Tariomix is now in a legal battle with the liquidators to avoid being questioned in a section 417 inquiry.

Ithala Bank seeks access to R863m in frozen funds

Ithala Bank yesterday brought an urgent application before KZN High Court (Pietermaritzburg) Judge Muzi Ncube in a bid to access frozen funds to pay staff salaries after the SARB’s Prudential Authority (PA) suspended all activities on the bank’s accounts in January.

Liquidators and Tariomix curator square off

An attorney who was appointed as curator of the company Tariomix is now in a legal battle with the liquidators to avoid being questioned in a section 417 inquiry.

Lawyers welcome new Insolvency Court

The Gauteng High Court (Johannesburg) last week announced that it would pilot a dedicated Insolvency Court, a move widely celebrated by specialist lawyers as it will see insolvency cases being heard within a month of enrolment.

End of the road for OnDigital Media as StarSat flounders

StarSat SA marketing manager Jan Hendrik Harmse says OnDigital Media, the pay-TV broadcaster’s licence holder, has been liquidated.

Zuma ally placed in provisional sequestration

The estate of diamond dealer Louis Liebenberg has been placed under provisional sequestration by the Gauteng High Court (Pretoria), which found prima facie evidence that he owed his old company R150m.

Banxso attacks law firm in liquidation battle

Banxso has alleged that the actions of Mostert & Bosman, the law firm leading a liquidation application against it, are not in the best interest of its clients, Moneyweb reports.

VBS creditors get R458m, but hunt for cash goes on

The liquidator of the defunct VBS Mutual Bank, which went under after it became a playground for politicians and their associates, has paid R458m to the bank’s creditors, including municipalities that unlawfully invested money in the bank, reports Business Day.

Acsa refutes liquidation claims

A day after hundreds of passengers were left stranded due to a refuelling issue experienced by Airports Company SA (Acsa), it released a statement quashing claims it was undergoing liquidation and had left service providers in the lurch due to non-payment, reports Business Day.

Bid to liquidate Konka boss over R10m debt

Kutlwano Pitso, the owner of the popular upmarket lifestyle entertainment venue Konka and the Moja Cafes, could have his businesses liquidated after allegedly failing to settle a R10m investor debt.

Security company seeks Acsa liquidation

Documents lodged in the Gauteng High Court (Johannesburg) last week indicate that a service provider has applied for Airports Company SA’s (Acsa) liquidation for failing to pay the contracted service provider monies owed for services rendered.

State forks out R176m for Sapo business rescue

At the end of September, the SA Post Office (Sapo) had been in business rescue for about 13 months at a cost to the state of R176m, according to TimesLIVE.

Unsuccessful Ecsponent liquidator petitions SCA

The investor in financially distressed Ecsponent, who unsuccessfully attempted to provisionally liquidate the previously JSE-listed company, has not thrown in the towel yet, reports Moneyweb.

Gazettes running again following court order

The Government Printing Works (GPW) can now print all three legal gazettes as it has been mandated, and ordered by the courts, to do.

Liebenburg liquidators target Lindiwe Zulu

The liquidators of diamond dealer Louis Liebenberg’s money schemes have indicated that they will go after several well-known individuals to recover funds allegedly received through the scheme.

Leisure Trading on the ropes

Sports lifestyle retailer Frame Leisure Trading, which operates The Cross Trainer, XKids and XTrends stores and entered into voluntary business rescue in August this year, is to be liquidated.

SARS wins property mogul sequestration battle

SARS has won a court battle to place the estate of controversial property mogul Roux Shabangu and the Roux Shabangu Family Trust under provisional sequestration, reports Fin24.

Liquidators gun for former VBS spokesperson’s assets

The long arm of the law seems to have caught up with former VBS Mutual Bank spokesperson Tsumbo Matambela – as liquidators of the defunct bank are pursuing a writ of execution against the assets he allegedly obtained through loans from the bank which he allegedly never repaid.