• Banks’ Stance On Liquidation Faces Test

BANKS, led by Absa and Imperial Bank, face an acid test as to whether they are merely paying lip service to government’s emphasis on saving companies rather than liquidating them. 
More Business Day, 2005/04/22 12:00:00 AM, Rob Rose, Chief Reporter.

• Deal Is Major Step For Black Liquidators

  The largest black-owned liquidations company with a national footprint opened its doors yesterday against a background of resistance to the justice department's plans to promote empowerment in the sector.

  Hans Klopper, liquidator of estates including C N A, announced yesterday that his firm had merged with a black consortium to create the country's largest black-owned liquidations firm, Independent Trustees.
  More Business Day, 2004/08/24 12:00:00 AM, Rob Rose, Chief Reporter
   

• Business rescues preferred as liquidations fall out of favour

  The new approach to rescuing rather than liquidating businesses has been encouraged by the government at a high level, with the new Minister of Justice, Brigitte Mabandla, setting the tone by saying that "the emphasis must be on rescuing rather than liquidating business entities in order to protect the economy, workers and their families, and creditors".
  More Helderberg , 08/07/2004 11:43 AM - (SA), 
   

• Liquidators Win Major Battle

  The liquidators of Consolidated News Agencies (Pty) Ltd (in liquidation) (“Consolidated”) won a major battle in the Transvaal Provincial Division of the High Court when they succeeded in having ABSA’s claim of R133 336 454,72 which they proved against Central News Agencies, expunged in the recent case of Consolidated News Agencies (Pty) Ltd (in liquidation) and Others v ABSA Bank Ltd and Others.
  More By Dirk Kotze, June 2004
   

• New owners bullish about Karoo Mineral Water

It was originally suggested the company could be sold for about R1,7m. Hans Klopper said that there was considerable interest from the industry and the liquidators managed to secure the possible offer of R2,3m, including stock. This was an example of a successful business rescue. Karoo had unsubordinated debts of about R9m so the proceeds from the sale will help to pay creditors.
More Business Report, April 28, 2004, By Ronnie Morris

• Consolidated, Creditor of Central - Judgment by Hartzenberg, J

• Liquidators summons Absa about CNA funds

The joint liquidators of Consolidated News Agency (previously CNA) have issued summons against Absa for the repayment of R29 million that was paid into the account of Consolidated News Agency in the two weeks before the company was wound up in July 2002.
More Business Report, February 27, 2004, By Ann Crotty

• New liquidations row

  The spat appears to be rooted in an alleged sale by liquidators Hans Klopper and Jan Reitz of two intellectual property assets to Edcon, which was the main buyer (in October 2002) of assets out of the liquidated stationer, CNA. In the latest Edcon annual report, to March 31, 2003, Ross says Evans was able to “negotiate three tough deals [during the financial year] and deliver two important components of our future growth, CNA and Super Mart.”
  More Moneweb Holdings Limited, Posted: Mon, 02 Feb 2004 00:00, by Barry Sergeant