Legal Articles and Guides
Deloitte seeks to intervene in Steinhoff liquidation case
Auditor Deloitte and 128 other parties have applied to intervene in the Steinhoff liquidation matter that threatens its survival, further delaying the legal case that is yet to get off the ground.
Court approves Steinhoff liquidation hearing
The application to liquidate retailer Steinhoff can go ahead this week, Judge Hayley Maud Slingers ruled on Friday evening, dismissing Steinhoff’s application for a postponement, notes a BusinessLIVE report.
Liquidation could destroy settlement process
If Tekkie Town succeeds in its liquidation of Steinhoff, it will cause catastrophic damage to the settlement processes that aim to save Steinhoff and pay thousands of creditors. Instead, creditors are being held ‘to ransom’ by two men applying for the liquidation.
Viceroy to appeal fine for ‘false’ Capitec report
Viceroy Research has vowed to appeal a R50m fine imposed by the Financial Sector Conduct Authority (FSCA) over a 2018 report on Capitec.
Ruling clears path for Steinhoff liquidation bid
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.
Santam makes headway on business interruption claims
Santam is making headway in settling business interruption claims originating from the Covid-19 pandemic, outgoing CEO Lizé Lambrechts said yesterday following the release of the group’s half-year results to end of June 2021.
Zweli Mkhize may yet face criminal charges
Former Health Minister Zweli Mkhize may still be criminally charged for his role in the Health Department's awarding of a R150m communications contract to Digital Vibes – a company he is closely linked to.
Steinhoff deal favours debtholders
Creditors who lost billions will get very little if Steinhoff is not liquidated, while lenders who bought debt after the fraud was exposed will make considerable profits when they are repaid in 2023.
Matjila allegedly got Survé off hook for PIC debt
A court case has laid bare allegations that the former chief executive of the Public Investment Corporation (PIC) secretly signed away state pensioners’ claims worth hundreds of millions of rands to help his alleged friend, media mogul Iqbal Survé, according to an amaBhungane report on the Daily Maverick site.
Analyst writes off Malema's ConCourt blast
EFF leader Julius Malema this week accused Constitutional Court judges of incompetence, but an expert said the claim had no substance as it was part of the EFF’s plan to discredit the judiciary.
Court halts Chang extradition to Mozambique
The Gauteng High Court (Johannesburg) has ordered Justice Minister Ronald Lamola not to extradite former Mozambican Finance Minister Manuel Chang to his home country before the court has ruled on his case.
ZAR X and PIC dispute licence failings blame
The Public Investment Corporation (PIC) has hit back at ZAR X, the alternate exchange in which it holds a 24.14% stake, for implying that the suspension of its licence was due to the state-run investor’s failure to approve an international investment in the platform.
Edgars suppliers seek better payouts
A group of 10 former Edgars suppliers are applying to the Gauteng High Court (Pretoria) for permission to litigate against Edcon, which is in business rescue, to improve their low payout and get more clarity about why the clothing retailer almost collapsed.
Banks count massive costs of looting
Almost R120m in hard cash was looted from ATMs and banks during the bout of civil unrest which swept across parts of Gauteng and KZN in mid-July.
Transnet woos private sector in 'reform breakthrough'
Transnet has announced it will seek R100bn in private investment to expand its facilities in Durban in KZN and Ngqura (Coega) in the Eastern Cape.
