Legal Articles and Guides
NTC director slapped with R500 000 costs order
Edwin Letopa, the sole director of the scandal-plagued NTC Global Trade Fund, has been ordered to pay R500 000 into an attorney’s trust account as security for ‘wasted costs’ after a hearing into the firm’s final liquidation was postponed at the last minute.
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.
