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Tongaat Hulett Business Rescue: IDC and Vision Group Agreement Prevents Liquidation

Posted 18 June 2026

An agreement between the Industrial Development Corporation, Tongaat Hulett’s business rescue practitioners, and the Vision Group has secured the withdrawal of the liquidation application, enabling the implementation of the approved business rescue plan under Chapter 6 of the Companies Act.

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ISSB Proposes Practice Statement for Nature-Related Disclosures

Posted 18 June 2026

The International Sustainability Standards Board (ISSB) has agreed on a regulatory pathway to introduce nature-related disclosure requirements through a new IFRS Practice Statement scheduled for late 2026.

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Tongaat Hulett Liquidation Withdrawn as Business Rescue Exit Agreed

Posted 18 June 2026

An agreement between the IDC, business rescue practitioners, and the Vision Group has secured the withdrawal of liquidation proceedings against Tongaat Hulett.

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National Treasury Amends Treasury Regulation 16 to Reform PPP Framework

Posted 17 June 2026

National Treasury has implemented major reforms to the Public-Private Partnership (PPP) framework under the PFMA to accelerate infrastructure delivery.

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