Regional news: South Africa

Gupta companies file for insolvency in South Africa

Less than a week after the fall of South African president Jacob Zuma, eight companies owned by a controversial Indian family said to have been linked to him have filed for insolvency protection in the country.

26 February 2018

South African telecoms group completes restructuring upon Chapter 15 sanction

South African telecoms company Cell C has completed its financial restructuring after a US bankruptcy court agreed to recognise and enforce an order entered by the South African High Court, which will cut the company's debt by about US$1.3 billion.

11 August 2017

South African telecoms group seeks Chapter 15 relief

A South African telecoms company that branded itself a “consumer champion” in the race to expand data access to low income customers in the country has sought US recognition of its court-supervised restructuring.

28 June 2017

Edcon completes US$2.1 billion debt restructuring

South African clothing retailer Edcon has finalised the restructuring of its 29 billion rand (US$2.1 billion) debt burden following court approvals in Johannesburg and New York.

07 February 2017

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