JOHANNESBURG – Although Halloween may not be as popular in South Africa as it is in other parts of the world, there is a new monster called skoloto (debt) that is keeping consumers awake at night. Many people are tormented by skoloto. But its a nightmare that can be overcome. Even on a low income…
DetailsCompanies Thursday, November 1, 2018 8:26 By GALGALLO FAYO Technicians relocate power transmission cables. FILE PHOTO | NMG Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the courts protection to stop a firm that is threatening to file an insolvency…
DetailsBy GALGALLO FAYOMore by this Author Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the courts protection to stop a firm that is threatening to file an insolvency petition over a disputed bill. Siemens says in court filings it is…
DetailsMarketing startup Unlockd has dropped its legal case against Google as the company faces winding-up moves from its liquidator. The company, which pushed advertising on users phones in return for rewards, went into administration in June after Google moved to block the service from its Android operating system, triggering a legal dispute over what founder…
DetailsChennai, Oct 31 (PTI) The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters.Justice R Mahadevan also impleaded the Reserve Bank of India as a respondent. The court observed…
DetailsKUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib Razak, who set up the…
DetailsBy Associated Press, KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib…
DetailsBeyond Vision Media Ltd (BVM), becomes the fourth of a group of connected companies to be shut down in the public interest. BVM, a Manchester-based company and its sister companies, all sold customers services to improve their online business profiles, all, to little or no commercial benefit. All four companies have been wound up following…
DetailsThe Dutch Safety Board is launching an investigation into the way in which patient safety was handled after MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were declared bankrupt last week. The Safety Board wants to examine how the interests of the patients were weighed before and during the bankruptcy…
DetailsUp to 800 retail jobs are at risk as butchery chain Crawshaw Group collapses into administration and Mothercare cuts head office job amid tough times on the UK high street. Up to 54 stores employing 600 people could close if a buyer for Crawshaw Group cannot be found. The Yorkshire-based company, which was founded in…
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