Author: Julius Cobbett
Date Publiched: 14 August 2012
Business rescue includes SA Superalloys which owes R140m to 500 investors.
JOHANNESBURG – Basileus Capital, a private-equity firm that employs nearly 50 people, has initiated business rescue proceedings. This comes nearly three weeks after the death of Basileus CEO Julian Williams. It is believed that Williams was shot dead by his former business partner Herman Pretorius, who committed suicide afterwards.
The initiation of a business rescue is the second act of insolvency to result from the murder. Less than a week after the ………..