http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.36Change: 0.12
R/$ = 12.03Change: 0.03
Au 1187.47 $/ozChange: -1.95
Pt 1144.00 $/ozChange: -6.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 11, 2012

Sanyati business rescue plan delayed to July 18

Back
Construction|Engineering|Natal|R6|Road|Sanyati|Trevor Murgatroyd
Construction|Engineering||Road||
construction|engineering|natal|r6-city|road|sanyati|trevor-murgatroyd
© Reuse this



Construction group Sanyati has delayed the publication of a business rescue plan to July 18, after it applied for the liquidation of its construction business unit.

Sanyati, which remains under business rescue proceedings for the time being, originally planned to publish a business rescue plan on Wednesday.

But the company announced on Tuesday that Sanyati Civil Engineering and Construction (SCE&C), which is owed more than R70-million by government departments, would be liquidated, as the unit could no longer meet its critical payment commitments.

SCE&C did work for the Free State and Limpopo governments, as well as various local governments in Kwazulu-Natal and other provinces. The Free State government owes Sanyati R43-million for work on the road between Harrismith and Oliviershoek. Other outstanding payments include R30-million from three separate local government matters in KwaZulu-Natal and R6-million from Limpopo.

Trevor Murgatroyd was appointed as rescue practitioner.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Article contains comments
Marc Granger
The technology gap between South Africa’s rail industry and the global industry is “very significant”, with “very few” existing black companies active in the local rail environment, says Gibela CEO Marc Granger. Gibela has been appointed to deliver 600 new...
Nigeria's Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa's leading cement producer eyes new markets on the continent. A $500-million factory it is building in southern Tanzania, with an annual capacity of 3-million tonnes,...
Following the receipt of all regulatory approvals, construction is now under way on the R950-million Springs Mall, located at the Blue Crane Eco Park development, in Springs, with the 52 000 m2 regional shopping centre now scheduled to open before Easter 2017. The...
Article contains comments
More
 
 
Latest News
Updated 14 minutes ago The bidding window for government’s Coal Baseload Independent Power Producers (IPP) Programme is likely to be pushed back beyond its initially indicated June 8 closing date as the Department of Energy (DoE) tackles the design of a complex programme framework and...
Updated 25 minutes ago Undersea fibre-optic cable network operator Seacom on Tuesday announced the completion of its global Internet protocol (IP) and multiprotocol label switching (MPLS) network upgrade. The enhanced 17 000 km undersea network, which spanned across several key countries...
Updated 44 minutes ago Zimbabwe plans to import 700 000 t of the staple maize grain to plug a deficit after bad weather affected the crop from the current farming season, State radio reported on Tuesday. It quoted Agriculture Minister Joseph Made as saying Zimbabwe had 150 000 t of maize...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Mercedes-Benz will launch ten plug-in hybrid models by 2017, says the German automaker’s parent company, Daimler. Following the launch of the S 500 plug-in hybrid, March saw the introduction of the C 350 e, the second model to feature the drive-train concept. Under...
Energy Minister Tina Joemat-Pettersson's recent unveiling of something of a road map for an upscaled and accelerated deployment of independent power producer (IPP) capacity has been widely welcomed. Besides plans to accelerate and expand the hitherto successful...
South African Airways (SAA) acting CEO Nico Bezuidenhout has firmly denied reports that a stake in the airline was going to be sold to Air China. “Categorically, SAA is not in any talks with any airline to sell itself at the moment,” he stated at a media briefing at...
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that...
HANDIGAS LPG LPG users can order products at the Afrox website or through the Afrox call centre and receive next-day delivery
Gas products and services company Afrox has launched a pilot programme to deliver its range of Handigas liquefied petroleum gas (LPG) to domestic consumers to fill a gap in the market, thereby expanding its direct contact with end-users.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96