Uncategorised

HOW TO DEAL WITH LEGAL PROCEEDINGS AGAINST THE ARREAR AMOUNTS

THE IMPACT OF COVID-19 PANDEMIC The pandemic forced businesses to enter unforeseeable and unplanned borrowings to keep the boat afloat and to settle burdensome overheads. Creditors are now implementing legal proceedings against their debtors to save their own businesses.  A creditor will institute legal proceedings if the money owing is long overdue in the form …

HOW TO DEAL WITH LEGAL PROCEEDINGS AGAINST THE ARREAR AMOUNTS Read More »

COVID and SMMEs

As South Africa prepares to enter into the second phase of the national lock down, many business owners have begun applying for government relief grants in an effort to reduce the financial blow of not being in operation. With thousands of jobs on the line and the economic growth at a steady decline, there is …

COVID and SMMEs Read More »

Seeking Potential Buyers

Genrec commenced business rescue proceedings on 07 May 2020 and Lebogang Mpakati was appointed as the Business Rescue Practitioner (“BRP”). The BRP hereby now invites companies to submit offers for the acquisition of the Company/business of Genrec. Genrec carries out industrial operations particularly in heavy steel structural fabrication, machining, and on-site shutdowns and erections. The company services both local and international clients …

Seeking Potential Buyers Read More »