by Engaged BT | Jul 30, 2021 | Engaged Business Turnaround
Conversion of business rescue into liquidation View this Fluxmans sponsored SARIPA panel discussion, focusing on the Diener and the Montic Dairy judgements, and all issues to be taken on board when making a decision to convert a business rescue into...
by Engaged BT | Jul 27, 2021 | Engaged Business Turnaround
Business rescue can help looted and damaged businesses Research published by PwC indicated that national gross domestic product (GDP) growth would decrease by 0.4 percentage points this year due to the significant disruption of the economy, while up to 50,000...
by Engaged BT | Jul 26, 2021 | Engaged Business Turnaround
Business Rescue: Who does it work for? Since the implementation of the Companies Act in 2011, business rescue has proven to be the more popular course of action over liquidation to assist or rehabilitate businesses in financial distress. That said, success is...
by Engaged BT | Jul 23, 2021 | Engaged Business Turnaround
SA needs more business rescue experts as many companies crumble South Africa faces a shortage of business rescue experts as financially distressed companies are on the brink of collapse from the double whammy of Covid-19 exacerbated by the recent looting and...
by Engaged BT | Jul 15, 2021 | Engaged Business Turnaround
Commercial property tenants’ arrears still growing A total of 3,246 businesses have entered #BusinessRescue since the Companies Act provision in 2008. Since COVID, 442 businesses have entered rescue, often renegotiating rent as part of the rescue plan. Unlike...
by Engaged BT | Jul 9, 2021 | Engaged Business Turnaround
Business turnaround vs restructuring: Crucial differences you need to know Investopedia defines business turnaround as the financial recovery of a company that has been performing poorly for an extended time. Turnarounds mark a period of improvement while...
by Engaged BT | Jul 8, 2021 | Engaged Business Turnaround
Hard things about a hard thing: Business turnaround communications Saving a company requires swift action, and sometimes, downsizing is necessary. But with deep downsizing, your business will likely be left in shock, and your remaining employees will need to...
by Engaged BT | Jul 2, 2021 | Engaged Business Turnaround
Delinquency is a sensitive matter. When can a director be declared delinquent, as with SAA’s Dudu Myeni who has been barred for life? There is a unique distinction between having a Director declared delinquent and placing a Director under probation. This...
