Latest News & Developments
liquidation
KZN Premier Ntuli throws everything at saving Ithala
KZN Premier Thami Ntuli made another rallying call for all and sundry to get behind Ithala Bank.
Ithala bank clients welcome court ruling
The KwaZulu-Natal Economic Development and Tourism MEC Reverend Musa Zondi has assured Ithala customers that they will soon be able to access their money.
High Court gives Ithala bank greenlight to resume business operations
The KwaZulu-Natal High Court has ruled that Ithala Bank can resume operations, rejecting attempts by the South African Reserve Bank’s Prudential Authority to liquidate it.
KleuterZone preschool empire faces liquidation amid R130m investment scandal
The Gauteng High Court has placed KleuterZone under provisional liquidation after investors raised alarm over a possible R130 million investment scheme. With over 1,300 investors affected and the company's founder reportedly fleeing South Africa, the preschool group's promise of 62. 4% annual returns has come under intense scrutiny.
Court to hear urgent liquidation application against KleuterZone investment scheme
Investors in the KleuterZone scheme headed by Anthonie Bougas, are calling for urgent court intervention following allegations of financial misconduct.
MK Party defends Ithala Bank amid legal dispute
The Umkhonto Wesizwe Party on Monday held a protest against the South African Reserve Bank's Prudential Authority, urging protection for Ithala Bank amid liquidation threats.
Banxso client accuses attorneys Mostert and Bosman of ulterior motives
Desiree Martin, a client of Banxso, has accused Pierre Du Toit of Mostert and Bosman of obstructing all efforts to recover funds from Banxso - claiming that while they risked losing money, Du Toit stood to benefit from the company's liquidation
Explosive Claims of 'Liquidation Cartel' as Banxso Scandal Deepens
Banxso's R57 million settlement offer was rejected, raising serious questions about the motives behind its liquidation proceedings.
From liquidation to rebirth: Drip Sportif's launch by Lekau Sehoana
Businessman Lekau Sehoana has announced the rebirth of the Drip brand with a new sneaker brand called Drip Sportif.
Three companies that went bust in 2024
According to Statistics South Africa, more than 1,020 companies have had to shut down in 2024.
Banxso's Commitment to Bafana Bafana Continues Despite Questionable Liquidation Proceedings
As Bafana Bafana prepares for crucial upcoming competitions, including the Africa Cup of Nations and World Cup qualifiers, the resolution of these proceedings carries significant implications for South African football's commercial partnerships.
Banxso's Liquidity and Security Offer Raise Questions About Liquidation Motives
This case highlights the need for greater scrutiny of liquidation proceedings, particularly when substantial offers of security are made by the company in question.
Trading Records Expose Flaws in Banxso Liquidation Case
The company's commitment to client protection is evidenced by its response to a client's losses, as court documents revealed in the Western Cape High Court.