Wind Up Wind Down

The CEOs of South Africa’s biggest companies are supporting government in tackling the challenges getting in the way of economic growth.

South African banks are reducing their lending to the private sector as they have become more cautious in extending credit due to the country’s stagnant economy and households coming under increased pressure. 

South Africa is heading for a technical recession as its economy will likely shrink further in the fourth quarter with increased load-shedding and Transnet’s backlogs limiting economic output.  This is feedback from several economists following the release of South Africa’s third-quarter GDP data , which showed the economy shrank 0.2%.  This was due to five industries recording negative growth between the second and third quarters of 2023. South Africa is heading for a techni

According to Stats SA, the number of monthly liquidations in 2023 generally demonstrated a decreasing trend compared to the previous years.

The document in question, which claimed Murunwa Makwarela was no longer insolvent, was not issued by the High Court in Pretoria as claimed.

Comair no longer has access to capital to fund its operational costs and will be placed under Provisional Liquidation.