There are several special benefits that Chapter 6 provides for a company in rescue as a mechanism to financially rehabilitate itself.
The South African Reserve Bank has cut the repo rate to a record low of 3.75% since the beginning of this year, with the hope that this will help alleviate the anticipated sharp contraction in South Africa’s economic activity.
The growing possibility that a life with some form of lockdown restrictions, face masks and social distancing may well persist into 2021
People often talk glibly about adapting to change, but in the wake of the Covid-19 pandemic and ensuing economic crisis, it seems more likely that we are going to have to fundamentally change in order to adapt to new situations, conditions and environments in the future.
The Western Cape Property Development Forum (WCPDF) this week learnt that the National Minister of Agriculture, Land Reform and Rural Development, Thoko Didiza, has extended an olive branch to property developers in the Western Cape. This is in response to ongoing calls to limit the red tape that has been stifling the property and construction industry and impacting severely on much-needed job creation.
In January this year, the Western Cape Government was informed that an exemption to the Spatial Land Use Management….