
Now is the time for the Western Cape to step up — with urgency and common purpose
In my government, every second, every day and every year matters. There's a saying I often return to: 'Without a sense of urgency, desire loses its value.' For me, that urgency hasn't faded – it's only grown stronger. It's what drives my team and I to deliver every day on the mandate we've been given.
But I've always believed that the Western Cape's success is inseparable from the success of South Africa as a whole. As political leaders, we come from different backgrounds, but we share a common responsibility: to serve our residents and shape a future where everyone has the chance to thrive. Partnership and coalition-building are part of my DNA. Progress happens when we work together, with a shared focus on helping businesses grow and create jobs, and equipping people with the skills they need to take up those opportunities. And we must do this work with urgency.
While I am confronted by the immense challenges we still face, I'm also proud of the progress we've made in areas that matter most to our residents: jobs, energy, safety, water security and good governance.
We've consistently maintained the lowest unemployment rate in the country – currently 19.6%. In the first quarter of 2025, the Western Cape added 121,000 jobs year-on-year, which is four times the number created by Gauteng, which added 30,000 jobs over the same period. Quarter-on-quarter, the Western Cape added 49,000 jobs, while Gauteng added 9,000. These are not just statistics, they mean that more people are able to build a better life for themselves and their families.
It was an honour to see our government's Growth for Jobs Strategy recognised by the Cape Chamber of Commerce this month. What makes this especially meaningful is that the recognition came from organised business, the very community we're working to enable to create more jobs. When the businesses we want to help tell us we're on the right track, it's a sign that we're getting something right. But four out of five people employed is not good enough – that is why I have made economic growth and job creation the number-one priority of my government for this term.
We know that a growing economy needs a strong infrastructure foundation. Our newly announced Western Cape Infrastructure Framework 2050 is a long-term vision for how we, together with our partners in government and the private sector, will create the right conditions for our economy to grow and for people to thrive.
But infrastructure isn't just about concrete and steel, it's about dignity, access and opportunity. I'm especially encouraged by the progress we've made on affordable housing projects like Leeuloop, and many more that will get off the ground this term.
To support our vision, the Western Cape government is allocating R9.83-billion to infrastructure in the 2025/26 financial year, as part of a broader R27.9-billion investment over the next three years. This is how we lay the groundwork, not just for growth, but for real, lasting impact in the lives of our residents.
We are also making significant strides in healthcare infrastructure development, prioritising modernisation and accessibility for underserved communities. We have invested R86-million in the construction of Eerste River Hospital's Acute Psychiatric Unit (APU), which is part of a bigger initiative to build APUs at health facilities across the province at a cost of R279-million. In May, we officially launched 63 new and replacement mobile clinics, replacing 57 outdated mobile clinics and adding six new units to strengthen the School Health Programme. These mobile clinics serve rural and remote communities across the province, providing essential healthcare services such as preventative care, vaccinations and chronic medication.
Safety remains a top priority for me, as anyone who's spent more than five minutes in my company will know, because no economy can grow, and no community can truly thrive, if people don't feel safe.
Our LEAP programme, in partnership with the City of Cape Town and part of the Western Cape Safety Plan, is making an impact. We've recorded three consecutive drops in the murder rate, and we continue to push for our fair share of policing resources and powers from the national government to protect every resident, because crime is still devastatingly high.
By addressing safety through evidence and data, we adapt our strategies, as we have with our double-up deployment of LEAP resources. This was a very difficult decision – to take resources away from some areas and double-up in the worst-affected areas. But tackling crime is complex, and we must be agile. Since the second half of 2024, LEAP has been deployed in six high-priority areas: Delft, Nyanga, Philippi East, Gugulethu, Khayelitsha and Mitchells Plain. Of these, there were decreases in Gugulethu of 39.7%, Khayelitsha of 9.5%, and Nyanga of 12.5%. Worryingly, there were increases in Delft of 1.5% and Philippi East of 63.9%. This suggests that our approach can make a difference, but we still have so much more to do.
In our schools, we are investing heavily in giving pupils the best possible start in life. Our Rapid School Build programme is building more schools faster than ever. So far, we have completed 15 new schools, in communities where demand for school places is highest.
Over the next three years we aim to complete 29 new and replacement schools in the Western Cape. Our matric class of 2024 made us very proud, achieving the highest pass rate yet for the province (86.6%), the highest bachelor's pass rate yet for the Western Cape (47.8%) and the top mathematics pass rate in the country – to name just a few accolades.
We've also made real progress on energy, a key foundation for a bustling economy. Through our Energy Resilience Programme we've added 1,000MW of non-Eskom energy to the grid, with another 1,000MW in the pipeline. That's nearly R7-billion invested to protect households and businesses from the uncertainty of load shedding.
But resilience and securing future economic growth isn't just about electricity: it's about water too. Our Water Resilience Strategy will help us protect this vital resource for generations to come. It's grounded in the same forward-thinking, science-led approach that helped us avoid Day Zero just a few years ago.
And underpinning it all is a strong foundation of good governance. For the second year in a row all 14 provincial departments and 11 public entities have received clean audits. That's not just good financial management, it's a signal to investors, partners and residents that their money is being used wisely and transparently, and that we are building a foundation for our residents to live lives that they value.
While I am proud of our progress, I'm far from satisfied. There is still so much more to do. And in these tough economic times, we have to do more with less. That means working smarter, acting faster, thinking bigger, and never settling for second-best.
We know we can't afford to go backwards. Too many South Africans are still out of work. Too many families still feel unsafe. And too many communities are still waiting for the change they've been promised.
That's why I feel that urgency in my bones. It's why I show up every single day determined to keep pushing forward.
If there's one thing I've learnt, it's this: the Western Cape succeeds because we step up. We don't wait for permission. We don't make excuses. We get things done. We plan, we partner, we innovate – and above all, we deliver.
And in the time I have left in office I will continue to do everything I can to drive success, not only for this province, but for South Africa. DM
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Daily Maverick
8 hours ago
- Daily Maverick
Inside the RAF's broken books — CEO Letsoalo's court bid fails, deficit stays
Embattled Road Accident Fund CEO Collins Letsoalo's court bid to keep his seat may have failed, but his possible ousting and the pending Scopa inquiry highlights the fundamental problem with the RAF's books that no fuel levy increase can fix. On Thursday, 26 June the Pretoria High Court dismissed suspended Road Accident Fund (RAF) CEO Collins Letsoalo's bid for reinstatement, finding his application to be vexatious. Letsoalo, who was suspended by the board four weeks ago on Monday, 3 June 2025 after allegedly failing to attend a Scopa hearing in breach of a statutory summons, now finds himself on the wrong end of a governance crisis. Judge Nasious Moshoanathe ruled that Letsoalo failed to show any factual or legal right to an urgent interdict. The court's decision was welcomed by the Association for Protection of Road Accident Victims (Aprav). 'This is a watershed moment for the fund's governance,' said Ngoako Mohlaloga, Aprav deputy chairperson. 'The ruling is a crucial affirmation of the board's contractual authority and reinforces the principle that no one is above scrutiny.' The impending Scopa inquiry announced on Tuesday, 24 June, which was scathing in its condemnation of the board and executive, will in part lay bare the problem that has been evident on the RAF's books for ages. What's in a clean audit? The last clean audit that the RAF received from the Auditor-General of South Africa (AGSA) was for the 2018/2019 financial year – which is an indication that financials were transparent and verifiable – but it merely confirmed the size of the hole at the RAF, not that it was in good running order. The total liabilities at the time were a staggering R273-billion, with the state-owned enterprise(SOE) clearly insolvent. By the next financial year, the challenges had only worsened, with total liabilities now at R332-billion for 2019/2020. The fuel levy remained stable while costs and claims continued to rise. But no reform followed. It was during this ailing period that Collins Letsoalo was appointed as acting CEO in April 2020 under then Minister of Transport Fikile Mbalula, with the role being made permanent in August 2021. On the books at least, RAF seemed to be turning a corner. A turnaround on the books When Letsoalo took the CEO's seat, the RAF appeared to make one of the most astounding SOE turnarounds to date – liabilities dropped from R332-billion to around R31.5-billion, and a surplus was reported. The AGSA also provided the RAF's audit status as 'disclaimer lifted' – meaning that it accepted the restatement but flagged ongoing risks. On paper, it looked like the RAF was resolving its challenges with an alacrity not seen in any other SOE – but that's the only place the change was: paper. What caused the RAF to reflect such an incredible transformation was a change of key reporting metrics and mechanisms, restating the way it presented its financial position. Instead of recording the full long-tail liability upfront, the liability was spread across the cost over future levy income, which shrank liabilities overnight. This accounting shift produced a paper surplus and temporary breathing room, but the underlying claims backlog stayed firmly in place. In its April 2024 statement, the RAF argued: 'The RAF is fundamentally a social security fund.' The AGSA accepted the technical adjustment but repeatedly warned that the solvency gap was merely deferred, not resolved. Reality puts the books in reverse Once the restatement effect faded, the fund slid straight back into deficit. The AGSA issued another disclaimer, citing persistent gaps in how claims liabilities were accounted for and managed. Internal controls failed to keep pace with real claims growth, and cash flow again fell short of the paper surplus. Letsoalo's contract expires in August 2025 – but after his failed bid at reinstatement, the prospect of a reappointment is now remote. Asked whether the fund will now advertise and fill the CEO post permanently, RAF spokesperson McIntosh Polela was noncommittal, telling Daily Maverick in a written response: 'The board will give direction in this regard.' What this means for you Behind the annual disclaimers sit thousands of South Africans with years-long payout delays. The RAF boasts that claimants now receive 83% of spending compared to 66% in 2018/19 – but without fixing the core funding model, no efficiency will close the gap; Every litre of fuel props up old claims with no capital reserve to break the cycle. Despite record fuel levy revenue in 2023/24, the core mismatch hasn't budged. The fund's own statements show a bigger share of costs now goes directly to claimants – but total payouts still exceed income by billions. Cash reserves cover days, not months. Scopa's full committee inquiry – only the fourth of its kind since 1994 – is now Parliament's last tool to force overdue reform. Judge Moshoanathe's ruling laid the governance crisis bare: the board failed, the CEO's restatement trick failed, and Parliament's oversight has arrived years too late. The only question left is whether Scopa will confront the truth everyone pays for – a complete overhaul of the RAF. DM


Daily Maverick
a day ago
- Daily Maverick
Ties that bind: Inside Mashatile's inner circle behind SA's new lottery operator
A cache of pictures and video shows the cozy ties between Deputy President Paul Mashatile and the inner circle behind the new lottery operator, Sizekhaya Holdings. It also introduces a key new figure linking them: Sbu Shabalala, the disgraced former Adapt IT chief executive. Photographs and footage reveal the close personal relationships behind the company that clinched the multibillion-rand lotto licence and their links to Deputy President Paul Mashatile. They provide insight into the powerful people who orbit the Deputy President, with a new name surfacing: former Adapt IT CEO Sbu Shabalala. Following amaBhungane's reporting, members of Parliament put the heat on Minister of Trade and Industry, Parks Tau, asking him to account for possible conflicts of interest in the licence bidding process and award. AmaBhungane understands that Sbu Shabalala is engaged to Khumo Bogatsu, Mashatile's sister-in-law, and is also the cousin of Moses Tembe, the Durban businessman who leads Sizekhaya. Earlier this week amaBhungane revealed that Bogatsu is the twin sister of second lady Humile Mashatile and co-owns Bellamont Gaming with Tembe. Bellamont Gaming is a shareholder in Sizekhaya Holdings, which has received the nod from Trade, Industry and Competition Minister Parks Tau to take over the national lottery licence, valid for eight years and generating about R7-billion annually. Shabalala is believed to be a key person helping knit together the politically connected group, which includes Sandile Zungu, a prominent member of Sizekhaya who reportedly co-leads the consortium with Tembe. Shabalala's presence is also controversial because of his spectacular fall from grace and departure from Adapt IT in 2021 following a violent incident at his estranged wife's home. He did not respond to questions. Power video The group's proximity to power is most strikingly demonstrated in a video circulated online around March 2025 – three months before the National Lotteries Commission (NLC) announced Sizekhaya as the winning bidder. The video captures the group, minus Zungu, at what appears to be a holiday gathering at an upscale resort. The scene is relaxed and familiar: Tembe in a crisp white shirt, his wife in jeans and a white shirt, Shabalala in a black shirt and shorts, Bogatsu in a sun hat and white blouse, Mrs Mashatile sipping a bottle of water and the Deputy President dancing. Deputy President Paul Mashatile taking a break from his demanding duties to spend quality time with family and friends. — MDN NEWS (@MDNnewss) March 15, 2025 Other photos, which we'll detail, place members of the group – including Zungu, Mashatile and their spouses – in each other's company at various personal and private events. The visuals are significant, not because powerful people have friends, but because these friendships sit at the nexus of a major public tender worth billions, raising questions about proximity, access and influence. In this regard, State Capture amply demonstrated the potential sway of informal networks over formal decision-making. The visuals add to concerns about the potential for political interference in the award of the hotly contested lottery licence, despite both Tau and Mashatile emphasising this week that the Deputy President played no role whatsoever in the lottery decision. In a response to amaBhungane, Sizekhaya said that 'the questions put forward to Advocate Bogatsu, Mr Tembe and Mr Zungu are irrelevant to the award and operation of the fourth national lottery licence and, as such, Sizekhaya is unable to respond to them. 'Sizekhaya reiterates that the allegations relating to 'interested, politically connected parties' are baseless, and that our directors and shareholders are fit and proper, as per the Lotteries Act.' Tembe told amaBhungane he did not believe any answer they gave would ever satisfy the 'insatiable appetite to incriminate' Mashatile: 'We're private individuals who've got private lives like you… You're welcome to continue down that trajectory without our cooperation.' He maintained that they had submitted all necessary declarations to the NLC and that the consortium won the bid on merit. Fallout As a result of amaBhungane's reporting, members of Parliament grilled Tau about Mashatile's possible conflicts of interest during a committee meeting on Tuesday. Tau indicated he had been unaware that the Deputy President's sister-in-law had an interest in Sizekhaya and said the matter would be investigated. Mashatile also later claimed he was unaware of Bogatsu's participation in the lottery bid. Several questions put to Mashatile's office went unanswered. Then, in a shocking turn of events, President Cyril Ramaphosa announced on Wednesday that he had taken a decision to remove Deputy Minister of Trade Industry and Competition Andrew Whitfield, who is also a member of the Democratic Alliance (DA). Whitfield's firing was allegedly owing to his official overseas visit in February, which took place without Ramaphosa's permission. A furious DA gave Ramaphosa 48 hours to remove other poor performing and corruption-implicated ministers, threatening 'consequences' if he did not. In a speech on Thursday, DA leader John Steenhuisen told Parliament that 'perhaps there is something even deeper at play here… Andrew Whitfield… had opposed an attempt to make suspect appointments, he was standing in the way of the looting that will follow from the Transformation Fund – and all of this in a department mired in corruption allegations involving the tender for the National Lottery.' In a statement on Friday, Ramaphosa said Whitfield's firing was unrelated to anything else. 'There is really no basis for suggestions that the dismissal of the former deputy minister is related to any other reason than his failure to receive permission to travel and adhere to the rules and established practices expected of members of the Executive of the Republic of South Africa,' he said. Shabalala's rise and fall For Shabalala – whose engagement to Bogatsu appears to have given him direct access to Mashatile – to be included in the Deputy President's circle provides him a comeback after his dramatic fall from grace. In May 2021, the Sunday Times reported that Shabalala's estranged wife, Neo Shabalala, sought a high court interdict against Shabalala, claiming he had hired armed men to assault her then partner, Sipho Nzuza, at her Zimbali home. Nzuza was eThekwini municipal manager, but was at the time out on bail of R50,000 after being arrested in connection with the now-notorious Durban Solid Waste case, in which he is still on trial alongside former Mayor Zandile Gumede. The Sunday Times report said Nzuza had been left in a critical condition after the attack and had his spleen and part of a kidney removed. Neo claimed in her affidavit that the assault – at which Sbu Shabalala was allegedly present – was meant to intimidate her into signing a divorce settlement that she believed was for less than what she was entitled to. She claimed Shabalala was invading her privacy by planting listening devices in her home and monitoring her cellphone. 'I do not feel safe in the slightest with the First Respondent [Shabalala] being near me or entering the immovable property,' she said. Although Shabalala maintained his innocence, saying the allegations were without merit, he consented to the interdict and the fallout resulted in his fall from grace. After taking a three month leave of absence to 'attend to personal matters' he ended up resigning from Adapt IT – the feisty tech company that he had founded and taken to a listing on the Johannesburg Securities Exchange. 'We are coming home' – and bringing friends In growing closer to Mashatile through Bogatsu, Shabalala is said to have also brought his cousin, Tembe, into enhanced proximity. Tembe co-directs and co-owns Bellamont Gaming with Bogatsu, the twin sister of Mashatile's wife, Humile. The company is a minority shareholder in Sizekhaya, and it is central to questions of a conflict of interest for the Deputy President. The company's name, Sizekhaya – which translates to 'we are coming home' – seems apt for a group bound not only by business but also by longstanding personal relationships. Aside from the revealing video, the group also appeared together in a photo previously published by amaBhungane, taken at St Paul's Anglican Church in February 2024, where they gathered to honour victims of a bus crash following the ANC's manifesto launch at Moses Mabhida Stadium. While the published photo focused on Tembe, Mashatile and his wife in the front row, a closer look reveals Shabalala standing behind them to the right and a partially obscured woman who may be Bogatsu to his left, just behind the red jacket. That year, Mashatile had frequented Tembe's home in uMdloti, KwaZulu-Natal, according to people in the area, and around the time the photo was taken it is said that Mashatile's presidential protection unit stayed over at Tembe's house for around six days. Coincidentally or not, Bellamont Gaming was registered just months before that visit, in December 2023 – four months after the NLC published the request for proposal (FRP) for the licence and just two months before bids were due. In that month, Zungu was seemingly celebrating a special moment with Tembe, and a photo shared to his WhatsApp story shows the pair holding a baby girl, allegedly Zungu's. Miami and milestones 2023 was also the year that Shabalala and Bogatsu allegedly celebrated their own milestone – their alleged engagement in August in Miami. Tembe and Reggie Kukama – a well-known friend and associate of Mashatile's – as well as Kukama's son were allegedly there to witness the special occasion. Kukama and Mashatile are members of the so-called 'Alex mafia', a group of successful businessmen and politicians who hail from Alexandra, Johannesburg. More pictures from the same year show Shabalala and Bogatsu arm-in-arm with Zungu and his wife, Nozipho. Another image shows the alleged couple with a close friend at a lunch hosted for the group. Another shows Bogatsu and Shabalala alongside the ANC's Tony Yengeni in an intimate lunch setting. On 2 February 2024, the day before the lottery bids were due, Shabalala, Bogatsu, Tembe and his wife, Princess Nandoyesizwe Tembe (formerly Zulu), were photographed at the opening of the Anele Tembe Library at Durban Girls' College. It was a special occasion for Tembe as a grieving father. His daughter Anele died in 2001 after falling from a balcony in the presence of her then fiancé, rapper Kiernan AKA Forbes. Forbes died two years later after being shot in Durban. 'Not enough to buy an aeroplane' In response to amaBhungane's questions, Tembe dismissed questions about his relationships as an 'invasion of privacy and humiliating'. He said that in his various positions, he has met 'almost all leaders across the political spectrum in their home and my home'. 'It's my duty to share notes on all issues that impact business and to influence them to inculcate and live Godly values. None of them (across the political spectrum) would ever say I discussed personal interests.' Mashatile, he said, had no financial interest in Sizekhaya's bid. He added that the bid was never discussed with Mashatile and confirmed his shareholding in Sizekhaya, but claimed that it was 'insignificant' and 'much less than 10%'. He added: 'The NLC takes the biggest chunk of the top line and winnings even higher. No shareholder would make money to buy an aeroplane.' Political alignment Tau and Mashatile have also risen through the political ranks together. From December 2000, Tau served as a member of the mayoral committee (MMC) in Johannesburg for various portfolios until 2009, when he was elected to the Gauteng ANC provincial executive committee. Around this time, from 1994 until 2009, Mashatile served as MEC in various portfolios, also in Gauteng. From 2007 to 2017, Mashatile served as provincial chairperson of the ANC in Gauteng and from 2011 to 2016 – the same period – Tau served as mayor of Johannesburg. Parliamentary grilling Tau maintained in a parliamentary portfolio committee meeting this week that the process of awarding the licence to Sizekhaya Holdings was fair, but said he would go back and investigate allegations of a conflict of interest between the Deputy President and his sister-in-law. 'Fit and proper is a continuous process. There are allegations that have been raised in the media,' Tau said. 'We have looked at those allegations and we will look at them because they are specific allegations; you cannot ignore them. It would be irresponsible of us to ignore what has been raised in the public domain by investigative journalists in the media and so on.' Tau added that they would get appropriate advice on whether the Deputy President's relationship constitutes a conflict of interest, political affiliation and any other considerations. DM

The Star
2 days ago
- The Star
Claims that 'ANC politicians are behind' Zwelinzima Vavi's Standard Bank woes
Sources close to South African Federation of Trade Unions (Saftu) General Secretary Zwelinzima Vavi have alleged that ANC politicians are targeting him through Standard Bank. The allegations stem from the bank's failed attempt to foreclose on Vavi's Sandton home, despite him consistently paying off arrears on his home loan. According to insiders, Vavi's vocal criticism of the ANC, particularly regarding corruption and policy direction, has made him a target. "Vavi has been too critical of the ANC in recent years and was outspoken about President Cyril Ramaphosa's Phala Phala scandal... He has also been critical of the corruption that has been taking place within the ANC in recent years, making him a target," a source revealed. The High Court in Johannesburg, last week, ruled in favour of Vavi, dismissing Standard Bank's bid to foreclose on his home. Judge Stuart Wilson slammed the bank for its "disproportionate" attempt, stating that Vavi had shown "an apparently perfect adherence" to paying his monthly installments. The judge also criticised the bank for demanding over R160,000 in legal costs, almost double the outstanding arrears. Vavi's history with the ANC and Cosatu has been marked by controversy and criticism. He was previously fired from Cosatu due to escalating tensions and disagreements with the federation's leadership. His criticism of the ANC's corruption and policy direction further strained his relationship with the party. ANC spokesperson Mahlengi Bhengu did not respond to questions sent to her. Cosatu's spokesperson Matthew Parks said the Federation was aware of the matter but were not buying into claims that there was a political controversy around the issue. "We don't buy the story that he (Vavi) was targeted political party owns a bank or can influenece a bank. "We obviously sympathise with the judge was scathing towards Standard Bank in his ruling. We always say that there should be a better way to resolve these issues, other than going to court," Parks said. The Vavi case is not an isolated incident. Standard Bank has faced criticism for handling mortgage arrears and foreclosure proceedings. A R60-billion class-action lawsuit against major South African banks, including Standard Bank, highlights systemic issues with how banks handle mortgage arrears. Advocate Douglas Shaw, leading the lawsuit, alleges that banks frequently proceed with sales even when foreclosure is not a last resort, and often impose excessive legal costs. "We often see banks act in a manner we consider irresponsible. You cannot trust them to do what most people would see as 'the right thing',' Shaw said. In another case the bank was again accused of using underhanded tactics to short change its clients, claiming that a couple had defaulted in their bond repayments after they were allegedly overcharged by the bank. Shamilla Pather and her husband Roman, of Pinetown, said at the time that they were overcharged by the bank which, they say, has also prolonged court processes intended to resolve the matter. They accused the bank of expecting her and her husband to pay R600,000 or more over a 10-year period in lieu of one month of arrears of R8,800. In another case in 2023, a couple Patrick and Polin Anthony from Gauteng, defaulted on their mortgage payments for their home in Forest Hill, Gauteng. However, Standard Bank debited an amount of R124,047,34 from Anthony's family bank account allegedly after increasing the interest rate from prime -1% to prime +1% from August 1, 2009. This allegedly resulted in an overpayment of R135,301,30, according to financial investigator Emerald van Zyl, who said the overpayment was revealed by an independent actuary as he accused the bank of having allegedly increased the prime rate through internal policy. Standard Bank did not respond to the claims that political interference had led to banking action against Vavi, but responded to other questions. The bank's spokesperson Ron Derby said the bank wished to clarify that on 12 June 2025, Vavi's matter was postponed, and no final court order was granted dismissing the bank's application. 'Regarding this matter, the home loan account has been in arrears since 2015. Over the years, the bank has extended multiple opportunities to the homeowner to get the account up to date. Legal proceedings were only initiated in 2022, after all other avenues to resolve the matter amicably had been exhausted…Legal action is never our first course of action — it is a measure of last resort. 'With regards to the matter of Mark Rowan and Shamilla Pather, Standard Bank has engaged directly with the clients to discuss an amicable resolution. Any resolution arrived at is subject to confidentiality agreements and therefore the details cannot be made publicly available. "We are committed to supporting our clients through financial challenges and strongly encourage clients to engage with us at the earliest signs of financial distress. Early engagement enables us to work collaboratively to find solutions that are sustainable and mutually beneficial,' Derby said. [email protected]