Mooted Changes To SA's Business Rescue Laws May Save The Struggling Agriculture Sector

• Published date: 09 September 2022
• Law Firm: Barnard Inc Attorneys
• Author: Mr Pieter Walters

A number of recent business reports have highlighted the plight of farmers being subjected to litigation, and more specifically liquidation proceedings, as a result of debts owed to South Africa's Land Bank.

Apart from extensive engagement with the Land Bank, many of the affected parties, including the agricultural organisation TLU SA, have proceeded to approach the Court to seek to amend some of the current legislation regulating Business Rescue proceedings such as the Companies Act 71 of 2008.

A vast...