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Salt & Pepper are the shareholders of NiceSpice (PTY) Ltd. Due to the recent lockdown in South Africa, the company is under extreme financial distress.

Salt & Pepper are the shareholders of NiceSpice (PTY) Ltd. Due to the recent lockdown in South Africa, the company is under extreme financial distress. Salt & Pepper is devastated as they don't know what to do.

Explain to Salt & Pepper the different modes of winding-up and alternatives available to them. Your answer should include references to the applicable sections from relevant legislation that may be applicable in their situation

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