Unconscionable and fraudulent Australian four-wheel-drive rental firm fined $1 2 million drive.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drive.com.au Daily Mail and Mail on Sunday newspapers.
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The transaction is still subject to IA Bell s proposed acquisition of John Deereâs 31.4% shareholding in Bell Equipment. Image: Supplied
The proposed buyout of minority shareholders in Bell Equipment and the delisting of the JSE-listed manufacturer of heavy equipment for construction, mining and agriculture is still on the cards.
Bell Equipment advised its shareholders last month it had received a non-binding expression of interest from IA Bell and Company (Pty) Ltd, the private company majority-owned by the Bell family and currently a 38.7% shareholder in Bell Equipment, about a possible transaction to acquire â by way of a scheme of arrangement â the entire issued ordinary share capital of Bell Equipment not already held by it.
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An Australian four-wheel-drive vehicle hire business has been ordered to pay fines totalling $1.223 million, after the Federal Court found it had serially breached consumer law and behaved deceptively.
Smart Corporation Pty Ltd – which previously traded as Australian 4WD Hire – consistently engaged in “unconscionable conduct, made false and misleading representations in relation to insurance cover, and included unfair contract terms in its vehicle rental contracts,” according to the Australian Competition and Consumer Commission (ACCC).
The company has since gone into liquidation, but remains liable for fines totalling $870,000.
The Court found that the company s terms were woefully unfair because – among other indiscretions – they permitted deposit deductions for trivial breaches which could not have caused any loss or damage to the hired vehicle. Prosecutors also allege the former directors engaged in bullying practices and threatened customers who compl
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This report examines the South African textile industry, from the manufacture and distribution of basic textiles, yarns, and fabrics, to the large retail market for finished textile products like towels and linen. It includes comprehensive information on the state and size of the sector, demand, sales trade and employment statistics, sector trends, corporate actions and major developments.
There are profiles of 23 companies including manufacturers such as Standerton Mills and Aranda Textile Mills, Associate Spinners and The Good Hope Textile Corporation (Da Gama).
The Textile Industry:
Retail trade sales of textiles have continued to expand although the country s protracted struggle with low economic growth and falling incomes, recently exacerbated by the coronavirus outbreak and national lockdown, have restrained consumer spending. In the manufacturing sector, production and employment have stagnated and
South Africa Textile Industry Report 2020 with Profiles of 20+ Players Including Standerton Mills, Aranda Textile Mills, Associate Spinners and The Good Hope Textile yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.