Business Rescue of Sail Minerals (Pty) Ltd (In Business Rescue)
This page contains relevant and important information regarding the Business Rescue Proceedings of Sail Minerals (Pty) Ltd (Sail Minerals" , "Company")
On 21 September 2021, the Company was placed under supervision and commenced business rescue proceedings in terms of section 131 of the Companies Act 71 of 2008 (as amended) ("the Companies Act") and Siviwe Dongwana was appointed as the business rescue practitioner ("the Practitioner").
Document available for download
1 Notice of Commencement of Business Rescue and Appointment of the Practitioner
Notice of Commencement of Business Rescue and Appointment of the Practitioner
CoR123_1_Confirmation Sail Minerals
Notice of motion and founding affidavit
Respondent's heads of argument
2 First Creditors Meeting
Notice of the First Creditors Meeting
Ratification of the appointment of the Practitioner
Presentation of the First Creditors and Employees Meeting
Notice to affected parties of Sail Minerals (Pty) Ltd
3 First Employees Meeting
Notice of the First Employees Meeting
4 Business Rescue Plan and Notices
Request for extension of the publication of the business rescue plan
Approval of extension of the date for the publication of the Business Rescue Plan
Request for an extension for the publication of the business rescue plan - January 2022
Approval of the extension of the publication date - January 2022
Sail Minerals Proprietary Limited Business Rescue Plan (Signed)
Annexure A - Intercompany loan accounts
Annexure C - List of Creditors
Annexure D - Liquidation Calculation
Annexure E - BRPs Remuneration Agreement
Annexure F - Projected Statement of Income Statement
Notice to affected persons in terms of section 143 - Signed
Notice to affected persons in terms of section 151 -Signed
Notice of section 151 meeting result
SAIL Minerals Section 151 meeting presentation FINAL
Third Update Report - February 2022
Fourth Update Report - March 2022
Fifth Update Report - April 2022
Sixth Update Report - May 2022
Seventh Update Report - June 2022
Eighth Update Report - July 2022
Ninth Update Report - August 2022
Tenth Update Report - September 2022
Eleventh Update Report - October 2022
Twelfth Update Report - November 2022
Notice to affected persons (Black Chrome)(4908749.1) (002)
Sail Minerals Application(4911654.1)
Notice to affected persons(4908753.1)
Sail Holdings Application(4911653.1)
Notice of intention to oppose(4911656.1)
Notice to affected persons(4953932.1)
Thirteenth Update Report - December 2022
Fourteenth Update Report - January 2023
Fifteenth Update Report - February 2023
Sixteenth Update Report - March 2023
Claim Form
In order for the Practitioner to ensure that your claim is captured correctly and reconciled to the Company ledger, all affected persons are required to complete the Claim Form, found below.
Please submit your claim form, together with all supporting documentation, to businessrescue@sailchrome.com
Manual claims can be submitted to the Practitioner at:
Adamantem Chartered Accountants (SA)
1st Floor Corner House
77 Commissioner Street
2001