Tata Steel KZN finally sold

Tania Broughton|Published

A bidding war between two companies to buy out the “hopelessly insolvent” Richard’s Bay-based Tata Steel KZN has been put to bed.

A bun fight over trade secrets

Tania Broughton|Published

Two Durban flour milling companies - Just Flour Mills and Bakhresa SA - are battling over trade secrets.

Pricey bust-up for Playboy parties

Tania Broughton|Published

A dispute between three companies is being played out at the Durban High Court over the rights to the Playboy trademark.

End of the road for Chemspec

Tania Broughton|Published

A court application for the Durban company’s liquidation will see about 430 people lose their jobs.

Liquidation looms for Chemspec

Tania Broughton|Published

Chemspec speeds towards liquidation following a court application in which a bank effectively called in a R74m loan.

Vijay Misra awarded R6. 6m

Tania Broughton|Published

Vijay Misra, the former chief executive of Ithala Development Corporation who was fired for his alleged role in granting unsecured loans to the politically connected, ...

Bus liquidation papers all filed

Tania Broughton|Published

The eThekwini Municipality has not backed off from its court bid to liquidate the company which runs Durban’s bus service.

Rescue plan for Elgin

Tania Broughton|Published

Durban-based engineering giant Elgin has been put into business rescue after notching up debts of R244m.

Gcaba: I’m the one who was short-changed

Tania Broughton|Published

Durban transport boss Mandla Gcaba - accused by municipal officials of running the city’s bus service into the ground - has pointed the finger back at the city. ...

Trustee finds R38m in assets ‘disappeared’

Tania Broughton|Published

The purchase of two helicopters and a catamaran and the “disappearance” of assets worth R38 million in four years are some of the issues that former Chemspec chief ...

Mall wars over retailing rights

Tania Broughton|Published

Masstores and the Spar group are locked in a potentially precedent-setting legal battle.

Bid to liquidate boutique hotel

Tania Broughton|Published

Shareholders of Durban’s Audacia Manor have applied to court to liquidate the company.

Lenders under fire from judge

Tania Broughton|Published

Financial institutions came under fire in the Durban high court yesterday for unnecessarily “selling people’s homes from under them”.

Laypersons must know legalities

Tania Broughton|Published

“These standard forms are dangerous instruments in the hands of laypersons. ”

KZN Illegal sand mining stopped

Tania Broughton|Published

Municipality secures high court order, shutting down allegedly illegal operation.

Absa interdicts clothing union

Tania Broughton|Published

ABSA Bank has secured an interdict against the SA Clothing and Textile Workers’ Union.

Aids food firm in liquidation

Tania Broughton|Published

Embattled Aids nutrition company Edge to Edge Global Investments have been placed in provisional liquidation.

Former Chemspec boss sequestrated

Tania Broughton|Published

Strath Wood has been provisionally sequestrated and a trustee will dig into his affairs to see if he has hidden money from his creditors.

Businessman fights sequestration

Tania Broughton|Published

Business rescue practitioner Karl Gribnitz says he has resigned from some matters in which he was appointed to assist financially ailing companies.

R27m fraud accused could lose all

Tania Broughton|Published

The owners of an electrical business, charged with provincial contract graft worth R27 million, could lose their assets.

SA building firm close to collapse

Tania Broughton|Published

One of KwaZulu-Natal’s biggest construction groups, Stedone, is on the brink of financial collapse.

1 600 jobs on line as firm wound up

Tania Broughton|Published

About 1 600 jobs are on the line following the provisional winding up of stock exchange Alt-X-listed brick manufacturer Brikor.

Creditors seek want to probe ex-boss’ finances

Tania Broughton|Published

Former Chemspec chief executive officer Strath Wood, accused of “fleeing the country to avoid his debts” two years ago, is facing sequestration.

Woolies in fight with KZN franchise

Tania Broughton|Published

KZN businessman Haresh Ouderajh has accuses Woolworths of trying to bully him into relinquishing his businesses.

Reddy company owes R80m

Tania Broughton|Published

A multi-million rand business, founded by politically connected businessman Vivian Reddy, is now under threat of liquidation.