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State sets aside R819m to boost Mango

By Daily News Published on Wednesday, 05 May 2021
Tags: #Aviation Law #Business & Industry Law
The government has earmarked R819m to recapitalise SAA’s beleaguered subsidiary Mango. The figure was revealed in Parliament yesterday, according to a Business Day report.

Urgent AYO bid to stop FNB account closures dismissed

By Daily News Published on Friday, 30 April 2021
Tags: #Banking & Finance Law #Business & Industry Law #Litigation
The Gauteng High Court (Johannesburg) yesterday ruled that the application brought by AYO Technology Solutions to prevent FNB from closing its accounts will not be heard on an urgent basis.

Hawks probe ‘stolen’ R41 quadrillion

By Daily News Published on Wednesday, 28 April 2021
Tags: #Business & Industry Law #Criminal Law
The Hawks have confirmed that they are investigating two cases reported at the Sandton police station involving the alleged theft of R41 quadrillion.

Hawks asked to probe ‘billions stolen from SARB’

By Daily News Published on Friday, 23 April 2021
Tags: #Banking & Finance Law #Business & Industry Law #Litigation
Hawks head Godfrey Lebeya has confirmed that ANC veteran and businessman Tokyo Sexwale has lodged a complaint with it regarding claims that billions of donor funds were stolen at the SA Reserve Bank (SARB) over a period of four years.

Missing CEO's estate provisionally sequestrated

By Daily News Published on Thursday, 22 April 2021
Tags: #Business & Industry Law #Insolvency Law
Four months after he disappeared, the estate of missing Mirror Trading International (MTI) CEO Johann Steynberg has been provisionally sequestrated.

Altron acquires Lawtrust for R245m

By Daily News Published on Wednesday, 21 April 2021
Tags: #Business & Industry Law #Science & Technology Law
JSE-listed Altron has acquired digital signatures services company Lawtrust from Etion for R245m subject to Competition Commission approval.

Gupta-linked firms ordered to withdraw Capitec suit

By Daily News Published on Monday, 19 April 2021
Tags: #Business & Industry Law #Constitutional Law #Litigation
Two companies majority-owned by troubled Gupta-linked firm Regiments Capital have 10 days to withdraw their more than R1.2bn lawsuit against Capitec Bank for fronting, unfair racial discrimination and grossly negligent and fraudulent material misrepresentation, says a Weekend Argus report.

Saving SAA through a debt-equity swap

By Daily News Published on Monday, 19 April 2021
Tags: #Aviation Law #Business & Industry Law
SAA is the one state-owned entity for which there is the least case for public ownership. Although there is an aspect of airfreight that has wide benefits, air travel is an upmarket option and state funds would be far better spent rehabilitating rail.

AYO account shutdown sparks condemnation of FNB

By Daily News Published on Monday, 19 April 2021
Tags: #Banking & Finance Law #Business & Industry Law #Civil Rights #Litigation
Some unions, business organisations and political parties have slammed the decision of First National Bank (FNB) to shut down the accounts of AYO Technologies and accused banks of being players in the country’s factional politics, rather than protecting jobs, says reports in Independent Media newspapers at the weekend.

RAF sets out its turn-around strategy

By Daily News Published on Friday, 16 April 2021
Tags: #Business & Industry Law #Litigation #Personal Injury Law
In a lengthy media briefing yesterday – faithfully reported by some news outlets – the much-maligned Road Accident Fund (RAF) board has hit back at media campaigns that it claims are waged by groups that benefited from the entity’s inefficiencies.

Another day, another defeat for Myeni

By Daily News Published on Tuesday, 13 April 2021
Tags: #Business & Industry Law #Company Law #Litigation
Former SAA chairperson Dudu Myeni's attempts to reverse the lifetime declaration that she is a delinquent director may be almost over, with only the Constitutional Court option left.

SARS fails to persuade SCA on claim against Levi's

By Daily News Published on Friday, 09 April 2021
Tags: #Business & Industry Law #Litigation #Tax Law
SARS is not entitled to claim nearly R140m from jeans maker Levi Strauss, the SCA has ruled – even if some of Levi's tax calculations are dubious.

Government asked to act against construction site 'hijackers'

By Daily News Published on Wednesday, 07 April 2021
Tags: #Business & Industry Law #Criminal Law
Construction companies and contractors are desperate for the government to help stop rogue groups from invading building sites and demanding stakes in their projects, reports Business Day.

Vital Government Gazette notices hit by 'technical glitch'

By Daily News Published on Tuesday, 06 April 2021
Tags: #Business & Industry Law #General Legal Practice #Insolvency Law
Legal practitioners have lamented a ‘technical glitch’ that resulted in the government printers not confirming with customers when an advert will appear for publication in the Government Gazette, says a Business Day report.

Lights out threat over Eskom payment dispute

By Daily News Published on Tuesday, 06 April 2021
Tags: #Administrative Law #Business & Industry Law #Litigation
Eskom, which is involved in a payment dispute with US-based technology giant Oracle, says it has put measures in place to ensure operations would not be disrupted should the company withdraw its services as threatened.

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