The downturn in world economies has placed business under severe pressure in the last few years. In South Africa, the knock-on effect has been felt, with several businesses going out of business, filing for liquidation and with many turning to the South African business rescue procedure as a possible lifeline. Chapter 6 of the Companies…
Former Senator Rod Culleton is fighting for his political career after his removal from the senate. Former One Nation senator Rod Culleton speaks to the media outside court in Perth. Picture: AAP DISQUALIFIED former One Nation senator Rod Culleton has had a rare legal win after a second attempt to have him declared bankrupt was…
Former senator Rod Culleton says he will take a “self-imposed” moratorium from his job, after he lost his spot in the Upper House following a bankruptcy case against him, but says he will stay in his electorate office. Key points: Rodney Culleton says he will take a leave of absence from senatorial duties, but…
Image: Ozcon Latest News Industrial supply company Ozcon Industries has been placed in voluntary liquidation after letting go of its workers last week. The company which supplies steel pipe engineering services, perforating processing, and welding services to the mining, manufacturing, and agricultural industries went into voluntary liquidation at the request of its directors and shareholders.…