Transnet CEO should get the boot – DA’s Galeb Cachalia
The DA believes Transnet CEO Portia Derby should be dismissed because of her appalling track record, which has led to the SOE being run into the ground and close to liquidation.
The DA believes Transnet CEO Portia Derby should be dismissed because of her appalling track record, which has led to the SOE being run into the ground and close to liquidation.
Tongaat Hulett today advised shareholders that the Board has commenced voluntary business rescue proceedings for two operations in SA.
Former MD of Gundle Plastics in the 1980s, Dave Douglas, noted some inaccuracies in Magnus Heystek’s article published last week.
The impending demise of Comair (unless a late-stage miracle investor intervenes) is a long, winding story of multiple crises.
Not only has Comair’s business rescue practitioners’ liquidation application left passengers in the lurch, it has also left over a thousand employees facing unemployment.
Steinhoff has raised R7.3bn through a 10% sale of Pepkor, which the retailer will distribute to claimants as part of the settlement offer.
The Western Cape High Court declared on Friday that a key aspect of Steinhoff’s settlement plan was legally void. Tekkie Town’s Bernard Mostert discusses the implications.
Bernard Mostert, the former CEO of Tekkie Town, spoke to BizNews founder Alec Hogg stating that Tekkie Town ‘wants its day in court’.
Barak Fund employees previously reported concerns about the quality and valuation of assets but internal investigations found no problems.
SA’s Barak Fund Management is collapsing in a similarly devastating way to Greensill, as it has half of its assets stuck in hard to sell investments in Africa.