Liquidation

2 Results / Page 1 of 1

South Africa

ANC has expressed concern over the potential liquidation of Ithala Bank

  In South Africa, the ANC has expressed concern over the potential liquidation of Ithala Bank, warning that it could threaten over 400 jobs and disrupt financial services for rural communities, small businesses, and churches in KwaZulu-Natal. During the national executive committee meeting in Boksburg over the weekend, the party reaffirmed its commitment to financial inclusion and economic justice. ANC secretary general Fikile Mbalula urged the government to expedite efforts […]

today21 January, 2025

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.  

today29 January, 2024