Insolvency practitioners and their lawyers are the hyenas of the economic system that our laws attempt to regulate.
One does not have to like their occasional cackle or bloody jaws; they are an important part of the ecosystem.
But, to extend the animal metaphor, if they collude with lions to corral their prey and feast not upon the sick and weak, but cut off the escape of the viable, they step out...
The strongest version of this narrative frames the THL collapse as a systemic failure of South Africa’s insolvency framework, where predatory financial actors and complicit practitioners exploit legal loopholes to strip assets rather than rescue viable businesses. The BRPs and Vision are portrayed as hyenas and lions colluding to devour a weakened but still-living prey, with the banks and IDC as enablers. The emotional weight of the story—15,000 small-scale growers and thousands of jobs at stake...