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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Liquidation

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World

China’s property giant Evergrande ordered to liquidate

A Hong Kong court has ordered the liquidation of property giant Evergrande. This after the indebted developer, with more than $300 billion of liabilities, failed to come up with a restructuring plan. Patrick Fok was outside the court in Hong Kong when the verdict was delivered.  

todayJanuary 29, 2024 18

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South Africa

ANC debt standoff intensifies

In an update to yesterday’s story: the standoff between the ANC and events company Ezulweni Investments has heightened after they gave the ruling party until Wednesday to pay the R102 million or face liquidation. While Ezulweni's attorney, told News 24 that, should the ruling party fail to do so, they would institute liquidation proceedings, the ANC remains dead set on not repaying the money, pending the outcome of an appeal to […]

todayDecember 5, 2023 12

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