Loading What is particularly egregious is that energy companies are making such demands on their customers who are in financial difficulty, even though new rules will outlaw some of this conduct in six weeks time in Victoria. Come January 1, under reforms introduced by the Essential Services Commission, an energy retailer will be required to…
DetailsVodafone expects its long-suffering UK business to report stronger profits in the second half of the year as it reaps the benefits of a wide-ranging restructuring in its home market. The company has struggled for a decade in the UK as attempts to revive growth in its local mobile phone business have failed to bear…
DetailsI met a young entrepreneur who runs a debt-solutions business that helps people who cannot get out of their financial mess. Like others in its industry, this business provides budgeting advice, assists clients with payment arrangement with creditors and lends money. Sadly, business is booming. I say sadly because nobody likes to see people wreck…
DetailsAfrikaner rights group AfriForum said over the weekend they might have to attempt to have EFF leader Julius Malema and his party declared bankrupt in an effort to squeeze out the last of the legal costs the party still owes AfriForum. On Wednesday, two separate judges of the High Court in Pretoria granted two further…
DetailsAfter our last story on Telltale Games in September, things have progressed and the game company is now gone for good. News broke in the US this week confirming that Telltale Games has entered into liquidation and will basically cease to exist come end of November. The process essentially involves a sell-off of all the…
DetailsA recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case. Business…
DetailsKatie Price has her hands full with bagloads of bargains from Poundland. The mum of five was once worth 45million thanks to a hugely successful modelling career, TV shows, books and endless product endorsements. But now it looks like she is checking the Pricey of things a little more carefully after a change in her…
DetailsBy Tatsuya Sasaki / Yomiuri Shimbun Senior Writer The corporate history of JXTG Holdings, Inc. a major group of companies led by the largest petroleum company in Japan can be described as a history of restructuring. When and why is restructuring necessary? For this installment of Leaders, a column featuring corporate management and senior executives,…
DetailsBusiness News of Saturday, 17 November 2018 Source: 3news.com The Central Bank, Bank of Ghana Officials of the Central Bank involved in alleged misconduct leading to the collapse of some indigenous banks are being investigated, 3news.com has gathered. Most of them will be sacked if the allegations against them are found to be true. On…
DetailsPaul ODonoghue, IrelandBusiness Reporter It was hoped that the turbines would prove the technology of OpenHydro, co-founded by Brendan GilmoreNICOLAS JOB An Irish-made turbine deployed in Canada in July to help test the viability of tidal technology was damaged beyond repair after only two months. Dublin-based OpenHydro was one of the first companies to attempt…
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