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South African court postpones Mango business rescue case

4 August 2021 by Con Tributor

Johannesburg, Gauteng, South Africa in the news:

  1. South African court postpones Mango business rescue case: A court application by three South African labour unions to have Mango Airlines (JE, Johannesburg O.R. Tambo) placed in bankruptcy protection has been postponed to Friday, August 6, to allow enough … – “Johannesburg” – BingNews
  2. Katsande excited by Sekhukhune move: FORMER Warriors captain, Willard Katsande, says he is ready to help newly-promoted South African Premiership side, Sekhukhune United, achieve their goals. – “Johannesburg” – BingNews
  3. Tigon: Bennett on thin ice, may be referred for observation: With little real progress made in the criminal trial of Tigon-accused Gary Porritt and Sue Bennett so far this year, Judge Brian Spilg has now issued an extensive order that preemptively deals with … – “Johannesburg” – BingNews
  4. Are Virtual Meetings for Shareholders and Board Members the New Normal?: COVID has exposed the shortcomings of legal frameworks that do not provide for virtual board and shareholder meetings — here’s how countries have adapted since. – “Johannesburg” – BingNews
  5. Mango gets extension to appoint business rescue practitioner: The Companies and Intellectual Property Commission (CIPC) on Tuesday agreed to grant low-cost airline Mango an extension to appoint a business rescue practitioner. – “Johannesburg” – BingNews

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Did you know this about Johannesburg? The Soweto Uprising was a series of protests led by high school students in South Africa that began on the morning of 16 June 1976. Students from numerous Sowetan schools began to protest in the streets of Soweto in response to the introduction of Afrikaans as the medium of instruction in local schools. It is estimated that 20,000 students took part in the protests. The number of protesters killed by police was officially given as 176, but estimates of up to 700 have been made. In remembrance of these events, the 16th of June is now a public holiday in South Africa. A thirteen year old Black boy, Hector Pieterson, is the iconic first victim of police brutality, but Dr Melville Edelstein, who had devoted his life to social welfare among blacks, was soon forgotten. He was stoned to death by the mob and left with a sign around his neck proclaiming “Beware Afrikaners”.

Category: NewsTag: African, business, case, Court, Mango, postpones, rescue, South

About Con Tributor

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The Oriental Plaza: A Phoenix in Fordsburg

If Johannesburg is a city of forced displacements, the Oriental Plaza is its most resilient response. While the Rand Club was built for the elite and Ponte for the “jet-set,” the Oriental Plaza was born from the trauma of the Group Areas Act—a piece of Apartheid legislation designed to geographically separate the races. Yet, in true Johannesburg fashion, what was intended as a tool of containment and financial ruin for the Indian community transformed into one of the most vibrant, independent commercial powerhouses in the country.

The story of the Plaza begins with the destruction of Pageview, affectionately known as Fietas. In the mid-20th century, Fietas was a legendary multicultural hub, centered around the bustling 14th Street. It was the city’s premier destination for textiles, clothing, and spices, where shoppers of all races would rub shoulders in a “jazzy, soulful” atmosphere. However, because Fietas was located so close to the white-only city center, the Apartheid government declared it a “white area” in 1962. The community fought back for decades, but by the 1970s, the bulldozers arrived. Homes were leveled, and the thriving traders of 14th Street were forcibly relocated to a purpose-built, modernist complex a kilometer away in Fordsburg: the Oriental Plaza.

The government’s intent was cynical: by moving the traders into a controlled environment with high state-mandated rents and strict rules on what could be sold, they hoped to break the back of Indian commercial dominance. The early years were devastating; many businesses folded, and the “Grand Bazaar” felt like a sterile warehouse compared to the street-level energy of Fietas. However, the traders refused to vanish. They eventually won the right to purchase their own shops, making the Oriental Plaza unique among South African malls because it is owned by the shopkeepers themselves rather than a corporate landlord. This ownership model changed everything. Without the burden of massive monthly mall rentals, the 360+ independent stores can offer prices that national retailers cannot touch, turning the Plaza into a “bargain-hunter’s paradise” that draws millions of visitors a year.

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