Business rescue is intended to provide a way for companies in financial trouble to return to profitable trading, thus saving jobs, preserving wealth and giving creditors a better return.
13 November 2018 Multi award winning civil engineering consultancy Knight Piésold, has proved that it is possible to become a truly transformed multi-national organization that embraces South Africa’s BBBEE imperatives as responsible corporate citizens.
The first phase will consist of building a 400-metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.
The National Home Builders Registration Council (NHBRC) is an agency of the National Human Settlements Department tasked with the responsibility to provide protection in terms of the Housing Consumers Protection Measures Act (Act No.95 of 1998).
AfriSam Group (Pty) Ltd (AfriSam) is pleased to announce that it submitted a revised merger proposal to PPC Limited (PPC) and that Fairfax Africa Investments Proprietary Limited (Fairfax) has made a Partial Offer to acquire ordinary shares in PPC representing a value of R2 billion held by PPC shareholders.
Human error at Computershare is responsible for the approval of two resolutions that would have awarded some of PPC's BBBEE shareholders 4.4m shares in PPC at no cost.
PPC appoints Peter Nelson as chairman, effective immediately, following the retirement of Bheki Sibiya.
PPC's share price plunges more than 14.5% to R4.87 as it warns shareholders at its annual general meeting that its interim headline earnings a share could fall as much as 85%.