Lebogang Mpakati is a well-known South African business rescue practitioner and director of Indalo Business Consulting. She gained prominence through high-profile roles, most recently as curator of the troubled Sizwe Hosmed Medical Scheme. However, she now faces a final liquidation application against her company and personal sequestration over unpaid debts totaling roughly R8 million (R2.6 million claimed by F&R Catai Transport Solutions and R5.6 million by Seratime). A provisional sequestration order was granted in December 2025; payments she made afterwards were ruled void. An urgent application in February 2026 to discharge the order failed, and creditors are now pushing for final orders.
Key Details: Lebogang Mpakati
Who she is
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Business rescue practitioner and director of Indalo Business Consulting
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Facing final liquidation of her company and personal sequestration over an unpaid debt of approximately R8 million (R2.6 million claimed by F&R Catai Transport Solutions + R5.6 million claimed by Seratime)
Previous roles & why she is known (prominent)
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Acted as curator of the troubled Sizwe Hosmed Medical Scheme – a high-profile role
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Her curatorship was halted after the scheme’s board challenged her suitability, alleging she failed to declare she was insolvent
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Involved in several other high-profile matters as a business rescuer (including earlier work through Indalo)
Timeline of the story
| Date/Period | Event |
|---|---|
| Prior to 2025 | Mpakati was ordered to repay R2.3 million to F&R Catai Transport Solutions (later cited as R2.6 million) after an overcharge linked to a R3.6 million payment she received while acting as a business rescuer. |
| December 2025 | Provisional liquidation (Indalo) and provisional sequestration (Mpakati) orders were granted by the court. |
| After December 2025 | Mpakati made further payments – but these were declared void because they occurred more than a month after provisional orders, and selective repayment undermines equal treatment of creditors. |
| February 2026 | Mpakati filed an urgent application to discharge the provisional order, arguing she had paid large sums. The court denied it, finding payments insufficient (interest and legal costs still outstanding) and no accepted compromise to end the debt. |
| Ongoing / recent | Creditors (F&R Catai and Seratime) seek final liquidation & sequestration. Sheriff reportedly unable to attach sufficient assets; Mpakati’s properties (Edenburg bond R2.2m; equity ~R1.5m) insufficient to cover all debts. Mpakati’s spokesperson said they have filed papers for rescission. |
Additional notes
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Mpakati owns two properties (KZN valued R2.3m; Edenburg R3.8m) – one with a Nedbank bond of ~R2.2m
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A loss of R4.7 million occurred during a failed auction (deposit fund exhausted before auction started)
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Court found Mpakati failed to notify all creditors on time
Professional & Entrepreneurial Journey: Before launching her own ventures in July 2018, she gained experience at various Development Financial Institutions (DFIs) and spent over two years at BDO South Africa as a Senior Business Rescue Practitioner and Restructuring Specialist. She is the CEO and founder of both Indalo Business Restructuring (a turnaround and advisory firm) and Indalo Business Consulting.
Board & Professional Roles: In addition to her practice, she serves as a Board Member of the Turnaround Management Association and serves on the board of Vutomi Energy.
Author: She has written a book, “The step by step guide to rescue your business from financial distress,” and authored an e-book on corporate restructuring and business resilience.
