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SIU Special Tribunal freezes luxury properties of two t...

In a victory for Transnet, the luxury properties purchased by two of the company’s former and current senior managers, using kickbacks and bribes from sullied contracts, have been frozen and are now controlled by a curator. Working with the Special Investigating Unit, Transnet plans to recove. ....

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SIU guns for luxury properties bought with proceeds from unlawful activities by Transnet executives

The SIU Tribunal has ordered that assets belonging to former Transnet executives Thabo Lebelo and Phathutshedzo Mashamba, their wives and family trusts be frozen. ....

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Is SA Express worth R1?

MONEYWEB
app instead?
A new offer has been made to purchase the airline.
00:01
This is Fly Modern Arkâs second bid â in 2020 it offered R100m, with an additional R400m to recapitalise the airline and pay its creditors. Image: Tod Burns
Embattled state-owned airline SA Express is only worth R1, according to aviation company Fly Modern Ark.
The company, headed by businessman Theunis Crous, has tabled a fresh offer to buy SA Express, which is currently in provisional liquidation.
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Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. ....

Andrew Bahlmann , Aviwe Ndyamara , Eric Levenstein , Kgathatso Tlhakudi , International Air Service Licensing Council , Services Licensing Council , Department Of Public Enterprises , Sa Revenue Service , Public Enterprises , Fly Modern , Theunis Crous , Fly Modern Ark , Modern Ark , Air Services Licensing Council , ஆண்ட்ரூ பஹ்ல்மேன் , எரிக் லெவன்ஸ்டீன் , சர்வதேச அேக சேவை உரிமம் சபை , சேவைகள் உரிமம் சபை , துறை ஆஃப் பொது நிறுவனங்கள் , ச வருவாய் சேவை , பொது நிறுவனங்கள் , ஈ நவீன பேழை , நவீன பேழை , அேக சேவைகள் உரிமம் சபை ,

SA Express could go into final liquidation if balance of purchase price not secured

Has three months to raise R26m. ....

South Africa , South African , Aviwe Ndyamara , Sa Revenue Service , African Human Rights Commission , National Council Of Provinces , South African Human Rights Commission , National Council , ச வருவாய் சேவை , தேசிய சபை ஆஃப் மாகாணங்கள் , தேசிய சபை ,

SA Express sold to Kenya's Fly-SAX for R50 million

The consortium has already paid R24.7 milion of the purchase price. ....

Aviwe Ndyamara , Sa Revenue Service , East African , ச வருவாய் சேவை ,