Special Features Archive

Nampak concludes debt refinancing; to pursue rights issue as part of turnaround

The original article can be found here. JSE-listed packaging group Nampak has successfully concluded credit-approved term sheets with revolving credit facility and term loan lenders and US private placement noteholders for a favourable refinancing package, […]

Special Features Archive

A definite end to an infinite loop – the interpretation of section 153(4) of the Companies Act, 71 of 2008

It is evident from recent judgments handed down by the Supreme Court of Appeal (the “SCA”) that various provisions of Chapter 6 of the Companies Act, 71 of 2008 (the “Act”) are ambiguous, contain lacunae […]