WHO IS INDEPENDENT TRUSTEES

Independent Trustees (Pty) Ltd renders services as Corporate Recovery Advisors with offices in Stellenbosch (Western Cape) and Roodepoort (Gauteng).

Our professional staff, with collective experience of over 60 years, assist financially distressed businesses and individuals in exploring business rescue and turnaround strategies and also act as liquidators and trustees in insolvency.

We are pleased to announce that we have been invited and became part of hww insolvency cooperation partners.

Independent Trustees administers a wide variety of matters over the entire spectrum of the economy. Some of our recent high profile matters include:

• King Financial Holdings, where Rynette Pieters has been appointed joint provisional liquidator and where the Financial Services board (FSB) issued a report. CLICK HERE to view the the Report. For articles in the Burger go here 19 August 2009  21 August 2009 22 August 2009



• Insolvent Estate Brett Kebble, where Hans Klopper is one of the joint trustees and involved in unraveling the affairs of the slain mining magnate.(Sunday Times) (Business day) ,  Brett Kebble Art Auction
  
  
• Uthingo Management (Pty) Limited, the former holder of the licence to operate the South African Lottery, recently resolved by way of special resolution to voluntarily wind the company up. They wanted to this in an orderly fashion to ensure that all outstanding liabilities be settled and the balance thereafter be distributed to shareholders. They entrusted this process to Independent Trustees.



• The C N A,  matter administered by Hans Klopper, and Dawie van der Merwe, which included the disposal of 139 stores to the value of approximately R 142 million.
  
  
• Black Top Surfaces, one of the largest road surface contractors in South Africa was recently placed in liquidation and Independent Trustees is attending to the winding- up process.
  

• L Suzman Distributors, a company with an annual turnover of almost R1.6 billion – one of the largest liquidations in this country in recent times.
  
  
• Kwa Zulu Natal Medical Aid Scheme – a medical aid scheme where Hans Klopper acted as the first Curator in terms of the Medical Schemes Act 131 of 1998 in South Africa and where the scheme was restored to solvency and returned to its Board of Trustees. 


• Plasgroup – a listed company and major manufacturer of plastic containers.
  
  
• National Exhibition Centre (NEC) – a company that operated the Rand Easter Show and various other major national and international exhibitions at the Centre.
  
  
• Baby Boom – a company with 22 Baby & Toy Boom stores nationwide.
  

ECONOMETRIX ECOBULLETIN(liquidation stats)

TELEPHONE NUMBERS

Master's Office Pretoria (August 2007) (128 kb)

Master's office Jhb (May 2010)

FEATURED ARTICLES

Fees and Renumeration

Mr Terblanche, do you honestly think that R21, 2 million is a reasonable fee for the liquidators? That was the opening question asked by the Honourable Harms AJ - More (published in AIPSA News July 2007)

Why BEE?

The issue of Black Economic Empowerment is seen by some as the only alternative to transform the business community in South Africa to ensure some form of equal access whilst others - More (published in AIPSA News July 2007)

Compulsory vs. Voluntary liquidations

The level of company liquidations serves as a proxy for market potential for turnaround and business rescue practitioners involved in the Turnaround industry and Business rescue industries. More

The Future of the Liquidation Industry

The process of appointing liquidators has for many years been based on the votes of creditors in particular matters. This has changed now. More