Search results for 'business rescue'
South Africa
Tongaat Crisis Update: IDC Declines to Commit to More Funding Amid Liquidation Threat
The Industrial Development Corporation (IDC) says that it is not in a position to commit to additional financial support for the embattled sugar conglomerate Tongaat Hulett at this juncture. This fol
Feb 23, 2026
Companies
Tongaat Hulett’s Fate Hangs in Balance as Provisional Liquidation Hearing Opens Today
Tongaat Hulett Limited faces a defining moment in Durban High Court today as the long-running provisional liquidation application against the company is finally heard, with the outcome likely to deter
Apr 16, 2026
Top Stories
Zambia Re Profits Nearly Triple as Underwriting Improves, Outpacing Zimbabwean Insurers
Zambia Reinsurance, formerly Prima Reinsurance, has recorded a 198% increase in profit after tax to K6.09 million (approximately US$338,000) for the six months ended 30 June 2026, despite reinsurance
16 hours agoZanaco's 13% Revenue Growth Fails to Lift Profits as Costs Rise, Echoing CBZ's Earnings Pressure
Zambia National Commercial Bank (Zanaco) has recorded a 13% increase in operating income to K3.30 billion (approximately US$183.2 million) for the six months ended 30 June 2026, but the improvement fa
1 day ago
