Jurisdictions worked in: South Africa

Kgosi has acted for and/or advised:

• The business rescue practitioners of Rebosis Property Fund Ltd, being a REIT listed on the JSE, in relation to one of the largest and noteworthy business rescues in the market. The value of the business rescue (total liabilities) amounts to ZAR 13 billion.
• The business rescue practitioner of Mango SOC Ltd. Mango’s creditor claims are approximately ZAR 2.5 billion.
• The business rescue practitioner of Makunyula Anthracite Mine, a coal mine located in Mpumalanga. The mine’s creditor claims are approximately ZAR 391 million.
• Denel SOC Ltd in various litigious matters involving the multi-billion Rand Hoefyster Project where Denel was contracted to manufacture combat variants for the South African Army.
• The business rescue practitioners of Agri Protein (Pty) Ltd, a producer of animal food with creditor claims of approximately ZAR 500 million.
• The business rescue practitioner of Saffer Plumbing and Hardware (Pty) Ltd, a supplier and distributor of plumbing and hardware products with creditor claims of approximately ZAR 360 million.
• The business rescue practitioner of Mpact Polymers (Pty) Ltd, a leading paper and plastics packaging manufacturing business and recycler in Southern Africa, with creditor claims of approximately ZAR 530 million.
• The business rescue practitioner of LA Crushers (Pty) Ltd, a company that operated as the pre-eminent Load & Haul Materials Handling service provider in the Phalaborwa area at both Phalaborwa Mining Company (a Copper producer) and Foskor (which produces Phosphate), with creditor claims of approximately ZAR 461 million.
• A consortium of landlords in the business rescue proceedings of Edcon. Edcon’s creditor claims were approximately ZAR6.8 billion.
• Shell Downstream South Africa (Pty) Ltd in the restructuring of some its subsidiaries.
• The business rescue practitioner of INSA (Pty) Ltd, a stainless-steel manufacturing facility based in Durban, with creditor claims of approximately ZAR 400 million.
• Tourvest Group, known in the market as Southern Africa’s leading integrated tourism group, in the restructuring of its financial exposure to its senior lenders following the severe effects of the Covid pandemic on the tourism industry.
• The major senior lenders of Ascendis Health Ltd, a health and wellness company listed in the healthcare sector of the JSE on the implementation of a restructuring plan.
• South African Airways Technical SOC Ltd in litigation against two of its suppliers, in respect of claims amounting to approximately USD 5 million.
• The Board of Denel Aerostructures (Pty) Ltd, a subsidiary of Denel, in respect of the exit and winding-up of its business.
• National Union of Metal Workers in the first case in South Africa where a trade union successfully applied to place a company, where the majority of the company’s employees were NUMSA members, in business rescue and by doing so saving approximately 200 jobs.
• National Union of Metal Workers and its members in the business rescue proceedings of Evraz Highveld Steel and Vanadium (Pty) Ltd, which was one of the largest business rescue matters in South Africa. NUMSA had approximately 1200 members employed by Evraz.