by Engaged BT | Sep 30, 2021 | Engaged Business Turnaround
There is significant value in business rescue Over the past two years, Business Rescue has received a lot of media attention. This has been driven by the business rescues of South African Airways, Edgars, CNA and Ster-Kinekor. In many of the above cases,...
by Engaged BT | Sep 29, 2021 | Engaged Business Turnaround
South Africa’s job crunch persists ahead of expected Covid fourth wave Employment in second-quarter dips as South Africa’s job crunch persists ahead of expected Covid fourth wave. We’re in for a protracted recovery of the labour market, desperately...
by Engaged BT | Sep 28, 2021 | Engaged Business Turnaround
Going bust: Insolvencies spike after July riots and lockdowns knock finance and tourism. As expected, the lockdowns and July unrest have been very bad for the economy, with liquidations spiking 157% in July 2021. The Bureau of Economic Research says tourism is...
by Engaged BT | Sep 23, 2021 | Engaged Business Turnaround
Salary issues leave a bad taste in the mouths of distressed business owners When a company becomes financially distressed, most payments are put on hold as the company and its BRPs sit down to assess the company’s financial position. Unfortunately, this...
by Engaged BT | Sep 20, 2021 | Engaged Business Turnaround
Firms cling to cash amid high policy uncertainty Holding on to funds is not an investor strike but rather a barometer of reaction to excessive insecurity levels. Academic research shows policy uncertainty (over higher taxes, lockdown restrictions, social...
by Engaged BT | Sep 17, 2021 | Engaged Business Turnaround
SA is the only G20 country that will not recover to pre-pandemic levels by 2022 – the forecast. The South African economy is the only one among the G20 group of countries that will not achieve pre-Covid-19 levels of growth before 2022, according to the...
by Engaged BT | Sep 15, 2021 | Engaged Business Turnaround
What happens to a surety obligation when the principal debtor is in business rescue? For many years, there has been uncertainty regarding the impact business rescue has on the liability of a surety for a debt of a company after a Plan has been implemented....
by Engaged BT | Sep 9, 2021 | Engaged Business Turnaround
The abuse of business rescue: Exploitation of the Chapter 6 lifeboat While many applications for business rescue are properly motivated, there has been a significant number of companies that have simply been in search of a debt holiday. Read this story on how...
by Engaged BT | Sep 6, 2021 | Engaged Business Turnaround
Hard Things About A Hard Thing: Some things in a business turnaround will work, others will not. No plan is perfect. Listen, learn and adapt – as you make incremental progress with meaningful product improvements that do the job. Or, you can create an entirely...
