Legal Articles and Guides
The urgent application by Polokwane lawyer Tumi Mokwena for the suspension of a liquidation order against his law firm, was removed from the Limpopo High Court roll this week, says a News24 report. This was after Judge Gerrit Muller recused himself.
Fred Arijs, a former investment banker and one-time Belgian honorary consul in the Eastern Cape, has accused RMB and several senior bank executives of taking him to the cleaners, in a calculated scheme to defraud him and his business partners in two property deals gone horribly wrong, says a Moneyweb report.
Polokwane lawyer Tumi Mokwena has lodged an urgent application in the Limpopo High Court for the suspension of a liquidation order against his law firm, TMC Incorporated.
The money woes of Durban transport tycoons Alvin and Inderan Naicker have worsened, with Absa Bank applying to have their flagship firm, Crossmoor Transport, liquidated.
Two of the remaining key assets in the now defunct Gupta empire – coal mines Koornfontein and Optimum – are the subject of yet more litigation, coming on top of the roughly 50 court cases batted away by the business rescue practitioners (BRPs) over the last two years, notes a Moneyweb report.
The firm of prominent Polokwane lawyer Tumi Mokwena, who has represented EFF leader Julius Malema in the past, has been placed under liquidation following a Limpopo High Court order yesterday, notes News24.
After a week of speculation on loss-making SAA’s future, the airline is to be placed in business rescue, the government announced yesterday. Public Enterprises Minister Pravin Gordhan said that business rescue was the best way of avoiding a disorderly implosion of the airline, notes a Business Day report.
Property magnate Nic Georgiou may face claims of more than R3bn of investors in two failed Highveld Syndication (HS) schemes, after another defeat in the SCA, says a Moneyweb report.
Public Protector Advocate Busisiwe Mkhwebane has apparently noted her concerns about the liquidation application against Sekunjalo Independent Media (SIM), saying to close down the media giant would narrow the number of media voices in the country.
The SCA has ordered that corruption-accused company African Global Operations, formerly Bosasa, is commercially insolvent and should remain in the hands of its liquidators, reports DispatchLIVE.
A prestigious KZN school has had to obtain a default judgment against former President Jacob Zuma for his failure to pay school fees of R12 517, Rapport reports.
The future of corruption-accused facilities management and security company Bosasa is set to be decided by the SCA after liquidators appointed to wind up the firm, now named African Global Operations, and its subsidiaries have taken their fight to keep the Krugersdorp group under liquidation to the SCA in Bloemfontein.
In its court application this week to liquidate Sekunjalo Independent Media (SIM) – which controls the country’s largest newspaper group – the PIC annexed an extract from minutes of a 29 October meeting by its portfolio management committee.
The Public Investment Corporation (PIC) has lodged an application to liquidate Sekunjalo Independent Media (SIM), a special purpose vehicle set up in 2013 to buy out Independent Media SA from its Irish owners.
Hawks head Lieutenant General Godfrey Lebeya says he expects imminent action in the case against those responsible for looting the now-defunct VBS Mutual Bank.