business rescue News
Latest articles and news about business rescue on AXL Media.
Latest Articles
- Fuel Price Surge Threatens South African Corporate Solvency as Logistics Costs Reach Inflection Point
Published: Apr 10, 2026
Section: Africa
Last week’s massive fuel price hike, including a R7 per litre increase for diesel, has created an urgent insolvency risk for South African businesses. Legal experts warn that risin...
- Battle Over South African Post Office Monopoly Intensifies as Regulators Develop New 25-Year Licensing Framework
Published: Mar 25, 2026
Section: Africa
The Department of Communications and Digital Technologies and ICASA are moving to establish a new renewal process for the South African Post Office’s expired 25-year exclusive lice...
- Auction Alert: Liquidated South African Airline Assets Up for Sale with R150,000 Starting Bid
Published: Feb 25, 2026
Section: Business & Economy
The remaining assets of a liquidated South African airline are set to go under the hammer, with bidding expected to start at a remarkably low R150,000. The sale follows a prolonged...
- The Final Descent: SA Express Brand and IP Offered for R150,000 as Liquidation Concludes
Published: Feb 24, 2026
Section: Companies & Industry
The liquidation process for the former domestic carrier SA Express is reaching its final stages, with the airline's name and intellectual property now valued at a mere R150,000. Ap...
- SPAR Group Divests UK Business as Part of Global Structural Realignment
Published: Feb 23, 2026
Section: Companies & Industry
The SPAR Group has confirmed it is nearing the finalization of the sale of its UK operations, Appleby Westward Group (AWG), marking a significant step in its strategic withdrawal f...
- South Africa’s Sugar Industry Faces Crisis as 134-Year-Old Tongaat Hulett Moves Toward Liquidation
Published: Feb 16, 2026
Section: Companies & Industry
The business rescue practitioners for Tongaat Hulett have applied for provisional liquidation after a failed recovery plan, threatening the collapse of South Africa’s primary sugar...