A 100% black-owned Port Elizabeth construction company faces liquidation, with the resultant loss of 300 jobs, following claims that the Nelson Mandela Bay Municipality owes it R117-million. The Port Elizabeth High Court has provisionally wound up Masakeni Construction (Pty) Ltd, ordering a commission of inquiry in terms of the Companies Act. Masakeni director Khwezi…
DetailsBBC star became business partners with Lymington landlord Rob Smith in 2014 Mr Smith, who ran The Haven since 2002, then embarked on expensive refurb DJ called bar the ‘best on the south coast’ and used it during Children in Need But three years on the bar has been shut down and Mr Smith declared…
DetailsRent controls could help to trigger a renaissance of Britain’s seaside towns, a report argues. The Housing and Finance Institute said dysfunctional housing markets are at the heart of a “spiral of decline” in many coastal communities. It argues that tenants and taxpayers are often overpaying for housing which is not worth the rent being charged.…
DetailsShare Tweet Share Share Email The business year 2016 and the first quarter 2017 at airberlin were dominated by the transition to a new business model at the airline. Structural issues of the old business model and high restructuring costs have impacted the reporting periods. airberlin CEO Thomas Winkelmann said: Old airberlins indistinct market position,…
DetailsAlmost one in two baby boomers expect to retire with debt because theyre still supporting their kids and elderly parents, a new report has found. Dubbed the ‘sandwich generation’, older working Australians are providing for their parents medical costs and health expenses while also helping out their own children with education and everyday expenses, and…
DetailsItaly’s troubled airline Alitalia is set to begin insolvency procedures that could see the company close down within a few months, in a move coming after its workers rejected a fresh round of job and wage cuts. Alitalia hasn’t turned a profit since 2002, and has been on the brink of bankruptcy three times in…
DetailsThere are a number of consumers who are falling into debt relief scams and this is where National Debt Relief’s article comes in handy. The article titled “How To Spot A Debt Relief Scam” published April 6, 2017 looks at some of the telltale signs that lets people know they are dealing with scrupulous individuals.…
DetailsInsolvency insurance stands behind German and Swedish book-reserve pensions, but the concept has not really caught on elsewhere. Brendan Maton explores the world of unfunded and partially funded pension schemes with an external underpinning At a glance Germanys direct promise pension system, traditionally financed by book reserves, now covers more than 8m workers. Swedens PRI Pensionsgaranti…
DetailsRod Culleton seeking an unlikely Senate return. FORMER One Nation Senator and WA farmer Rod Culleton is making fresh moves to try and reclaim his seat in federal parliament by lobbying former colleagues, at the expense of his replacement and brother-in-law Peter Georgiou. Mr Culleton has returned to farming at Kojonup in the southern WA…
DetailsA Sydney-founded startup aiming to disrupt Australias multibillion-dollar debt collection industry has secured close to $1 million in a seed round led by Westpac-backed venture capital outfit Reinventure. Angel investors including Invoice2Go chief executive Greg Waldorf and Spotcap Australia managing director Lachlan Heussler also participated, as did investors Mike Zimmerman and Craig Carroll. InDebted, founded by…
Details