Tongaat Hulett liquidation hearing set for next week

The KZN High Court (Durban) will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. Arguments will be presented on Tuesday and Wednesday for and against its provisional liquidation, reports GroundUp.

Court grants provisional sequestration over R6m debt

The Western Cape High Court has granted a provisional sequestration order against a Cape Town businessman after finding that he failed to satisfy a nearly R6m judgment debt owed to Fleet Africa, a fleet management and leasing unit of JSE-listed Super Group.

SA Post Office faces liquidation risk

Communications & Digital Technologies Minister Solly Malatsi and the SA Post Office’s (Sapo) joint business rescue practitioners (BRPs) Anoosh Rooplal and Juanito Martin Damons are scrambling to prevent the troubled entity’s liquidation.

Woolworths defends move to cut ties with Beyers

Woolworths has rejected accusations that it was responsible for the demise of Beyers Chocolates, saying it only cut ties after discovering the chocolate producer was supplying competitors with products similar to Woolworths-exclusive items.

Tongaat Hulett escapes liquidation

Tongaat Hulett yesterday escaped liquidation after the Industrial Development Corporation (IDC) agreed to increase its funding to R2.5bn, allowing mills to open and 3.8m tonnes of cane to be processed.

Safa faces liquidation over R1.6m debt

Beleaguered football governing body SA Football Association (Safa) could face liquidation after allegations by its former legal representatives that the entity is unable to pay its debts, reports TimesLIVE.

Judge throws out R9.2m game farm theft claim

Judge Dennis Davis has thrown out a R9.2m theft claim in a dispute over a luxury Northern Cape game farm, ruling that while the deal ‘reeked of deception’, it was not criminal – before sending it to prosecutors anyway.

Banxso finally wound up

The Western Cape High Court has confirmed that Banxso should be wound up, bringing to an end months of legal wrangling over whether the company was insolvent and whether it had operated unlawfully.

Liquidated airline could be sold for R150 000

Following the liquidation of domestic airline SA Express in 2022, the liquidators are two steps away from fully winding up the company, awaiting the sale of its name and brand identity – valued at R150 000.

Former Prasa CEO opposes SARS in debt battle

Former Pas­sen­ger Rail Agency of SA (Prasa) CEO Lucky Montana wants to block the SARS from adding his wife, Sefora Dever­eaux Let­soalo, as a co-defend­ant in his mul­ti­mil­lion-rand tax debt legal battle, reports Business Day.

Law groups warn about 'rudderless' Master's Offices

The acting appointments of the Masters of the Gauteng High Court (Johannesburg) and (Pretoria) expired at the end of January, and permanent appointments are yet to be made.

Tribunal orders return of seized luxury vehicles

The Special Investigating Unit (SIU) has downplayed the Special Tribunal ruling forcing it to return two Aston Martins, two Ferraris, and a Rolls-Royce seized during a simultaneous raid in alleged R2bn Tembisa Hospital looting kingpin Hangwani Maumela’s luxury property in Sandton and a Mpumalanga luxury car dealership.

Judge takes aim at lawyers' conduct

Lawyers appearing before KZN High Court Judge Rob Mossop have been cautioned to get their legal ducks in a row – or face the consequences, reports GroundUp.

Concerns over appointment of Arthur Kaplan liquidator

With cross‑examination set to continue in April, questions continue to swirl around the liquidation of Arthur Kaplan Jewellers and the dramatic 2023 heist.

Kleuterzone liquidators file urgent court application

The joint provisional liquidators of the Kleuterzone group of schools have approached the Western Cape High Court (Cape Town) for urgent relief to prevent Ludus Holdings from restructuring, disposing of, or interfering with several nursery and pre-primary schools previously operated within the group, according to Moneyweb.

SARS secures R155m provisional sequestration order

The SARS has secured a provisional sequestration order against a taxpayer for R155m for tax non-compliance. The order allows SARS to seize assets of an individual taxpayer to cover their tax bill.

SARS wins sequestration order against tobacco importer

SARS has won an order provisionally placing the assets of a tobacco importer under court control after it accused him of owing R188m in income and customs tax debts, reports News24.

Lawyer blames estate agent for sequestration threat

Durban attorney Ahmed Amod remains adamant that he has done nothing wrong regarding a dubious property scheme which is now the subject of litigation that could see his sequestration.

SARS, lawyers take bitcoin Ponzi scheme cut

Liquidators of Mirror Trading International (MTI) have managed to recover more than R1bn, but faced a claim of R931m from SARS.

Liebenberg's assets still being auctioned

Just days after millions of rands worth of mining equipment went under the hammer, seven properties linked to Louis Liebenberg will go on auction as the pieces of his diamond empire continue to be sold off.