The Business Rescue Practitioner (BRP) overseeing the rescue of embattled freight operator Hendrik van Wyk Vervoer (HVWV) has confirmed that a Business Rescue Plan has been circulated to creditors, with a key meeting scheduled for Thursday, 19 June 2025 to vote on the company’s future.
In a letter addressed to employees, which SA Trucker has seen, Mr Deon Botha of Corporate Liquidators (Pty) Ltd thanked staff for their ongoing support, noting that a potential investor has submitted a proposal to take over operations and help the company exit business rescue.
“The outcome of the meeting will largely determine the way forward,” Botha stated.
Until that decision is made, the BRP confirmed that they are working with the limited fleet currently accessible to continue servicing client needs.
Stripped Down Operations
The update paints a stark picture of the HVWV’s current state. According to the BRP, only a portion of the fleet is operational, most likely due to the withdrawal of 65 trucks by Daimler Truck. Effectively, there is no clarity yet on when all drivers will be able to return to work.
This partial operation reflects the serious financial strain the company is under — a concern that’s echoed by many in the industry who believe the situation exposes larger structural issues around OEM influence and how fleet finance is handled when things go south.
Where Things Stand
- A formal rescue plan has been shared with creditors.
- A creditor vote is set for 19 June 2025, which could approve or reject the proposed rescue.
- An unnamed investor is willing to take over and keep the HVWV going.
- The company remains unable to fully resume operations, impacting employees, clients, and contracts.
What This Means for Employees
Drivers and staff remain in limbo. The BRP didn’t sugar-coat the situation: there is no full fleet running, and therefore no immediate return-to-work plan. Staff will have to wait until the creditor meeting outcome is known before further updates can be provided.
“I cannot provide a clear indication when drivers can return to work,” Botha said. “I will give another update as soon as new critical information is available.”
Other stories about Hendrik van Wyk Vervoer business rescue
- Hendrik van Wyk Vervoer’s Fleet on Auction Block Amid Business Rescue Bid
- How Daimler Crushed Hendrik van Wyk Vervoer’s Rescue, and 181 Livelihoods
- Daimler Delays Response to Key Questions on OEM Role in Trucking Industry Failures
Broader Industry Questions
This update comes as pressure mounts on Original Equipment Manufacturers (OEMs) and financiers to explain their role in how businesses like Hendrik van Wyk Vervoer end up in distress. SA Trucker has already raised serious questions about the degree of influence OEMs hold when they supply, finance, and maintain the majority of a fleet — and what accountability they should bear when things go wrong.
With downtime linked to tens of millions in operational losses in this case, and the BRP process now likely to hand control to new players, the industry is watching closely.
What Happens Next?
- 19 June 2025: Creditors vote on the Business Rescue Plan.
- If approved, new ownership or control could be implemented.
- If rejected, liquidation may become the only remaining path.
- Staff updates will follow only after the vote.
“We are unfortunately not in a financial position now to have a full operational fleet,” the BRP wrote. “Until the outcome is known, I am working with the team on site to keep the fleet that we currently have access to on the road to service client requirements.”
Questions were sent to the BRP, but no response was received by the time of publication.
SA Trucker will continue to monitor developments and provide updates as soon as new information is released.
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