Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
A reader asks which is better: the government’s low-cost retail bonds, or a listed bond ETF?
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
Less than two months after being discharged from business rescue, Optimum Coal is facing a possible return following reports that Barloworld Equipment has applied to the high court for the liquidation of the company.
The quantum of Barloworld Equipment’s claim, which apparently runs to millions of rand, was disputed by Optimum when it was in business rescue. Because of this dispute, the claim was not settled at the time Optimum was discharged from business rescue on August 31.
According to eNCA, Barloworld Equipment made the application after not receiving payment from Optimum Coal for 13 months of supplying it with goods and services. It is understood Optimum Coal was leasing equipment from Barloworld Equipment during that period. The company, which is part of the listed Barloworld group, said it did not make the decision to go to court lightly.
In August 2015 Optimum Coal was placed in business rescue by its previous owner, Glencore, following a protracted disagreement with Eskom ...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.