The arms deal judgment will have implications for future commissions of inquiry. The Gauteng High Court in Pretoria set aside the findings of the 2015 Seriti commission report into the billion-rand arms deal.
Light rain. More sun than clouds. Cool.
Group Five's external auditor PwC has resigned from the construction company, which is in business rescue.
Group Five's business rescuers say they secured the money to finish some projects, including the giant Temba water purification plant for Tshwane and a sewage pumping scheme for eThekwini.
The engineering and construction group has entered a form of bankruptcy protection known as business rescue and had its stock suspended from trading on the JSE.
Business rescue practitioners for Tegeta Resources and Exploration want Oakbay Investments liquidated to settle unpaid rent.
Esor Construction, a subsidiary of Esor, has applied for business rescue, citing financial distress amid challenges to the construction sector.
Founded in 1952, the company was involved in some of the key roads and infrastructure projects in SA.
The Department of Mineral Resources has told Parliament that it would meet with the business rescue practitioners in charge of Tegeta’s mining operations next week.
The business rescue of the Magwa and Majola tea estates in Eastern Cape is proving to be successful, with their blend exported widely.
A group of eight Gupta company executives has again been denied leave to appeal against a high court ruling giving business rescuers access to the family’s Sandton head office.
An urgent application this week to halt the Optimum business rescue practitioners from appointing a management company to get involved in running the coal mine was struck off the court roll.
Group Five is seeking an extension for the publication date of its business rescue plan, as it insists that the process "remains on track".
Group Five's business-rescue controllers say there is no other way left to save the company other than to sell "a number of different assets" – fast.
A South African consortium called Project Halo has submitted the winning bid of R3.05bn for three major assets of a Gupta family-linked mining company.
An urgent court bid by Swiss-based company Charles King SA to stop business rescue practitioners from selling Gupta-owned Optimum and Koornfontein mines has been struck off the court roll.
The creditors’ committee doubts the new owners have the money to do the job, and wants proof.
The offer came minutes before creditors for the Boksburg-based engineering company were about to vote for liquidation.
Employees at SA audit firm Nkonki have applied to court to block the company’s liquidation and have it put into administration instead.
Swiss company Charles King wants the business rescue practitioners of the Gupta-linked Optimum coal mine to recognise a sale agreement it had entered into.
The plan would involve Eskom paying Optimum more than twice the price of coal and getting half the tonnage.
The business rescue practitioners of eight Gupta companies has won a court order against executives who were trying to control their access to the family’s corporate headquarters – the Sandton offices of Oakbay Investments.
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