by Engaged BT | Mar 29, 2021 | Engaged Business Turnaround
Pearls of wisdom from Christo Wiese Losing money – any amount – is something no one wants to go through. When Steinhoff fell from grace, many South Africans lost money. By far the biggest loser in the scandal is Christo Wiese. The former Shoprite chairman lost...
by Engaged BT | Mar 26, 2021 | Engaged Business Turnaround
The Edcon rescue playbook In the past, public sentiment towards business rescue hasn’t been great. Often, it’s been seen as akin to euthanasia of a terminally ill patient in their already dying moments, in which employees and creditors have no option but to...
by Engaged BT | Mar 25, 2021 | Engaged Business Turnaround
DTI Webinar on BRPs Engaged Business Turnaround recently co-presented a webinar on the business rescue with the Department of Trade, Industry and Competition. These DTI research forums are held quarterly to look at what is happening in practice and inform...
by Engaged BT | Mar 16, 2021 | Engaged Business Turnaround
2021 SAICA Business Rescue seminar Watch the on-demand video of Joon Chong, Webber Wentzel partner, as she presents “pitfalls in restructuring debt” at the 2021 SAICA Business Rescue seminar. WATCH NOW
by Engaged BT | Mar 15, 2021 | Engaged Business Turnaround
Tourism industry battling to deal with the effects of COVID-19. Level 1 isn’t going to save the tourism and hospitality industry, business rescue is. Watch this Newzroom Afrika interview on how the tourism industry has been battling to deal with the effects of...
by Engaged BT | Mar 12, 2021 | Engaged Business Turnaround
Why Santam is ditching pandemic insurance Consumers can kiss contingent business interruption insurance goodbye, as major insurers review contract wording. Two of SA’s biggest insurance groups, Santam and Momentum Metropolitan Holdings, have both told the FM...
by Engaged BT | Mar 9, 2021 | Engaged Business Turnaround
SA virus-hit economy shrank most in 100 years in 2020 SA’s gross domestic product shrank 7% in 2020, compared with a 0.2% expansion in 2019, according to a report released by Statistics South Africa. That’s the biggest decline since 1920, yet the drop was...
by Engaged BT | Mar 5, 2021 | Engaged Business Turnaround
Santam CEO- Lockdown claims had a huge impact… Santam awaits the outcome of a court decision on the liability period for business interruption claims before insurers and hospitality players will know the full quantum of claims. With the issue under...
by Engaged BT | Mar 3, 2021 | Engaged Business Turnaround
The Tourism industry finds creative ways to surf the Covid-19 waves. Ten months ago, many in the tourism industry were panicking. With no forward bookings, the industry was wondering how it would survive. It developed social media initiatives to keep spirits up and...
