by Engaged BT | Oct 28, 2021 | Engaged Business Turnaround
Advancing credit to financially distressed companies In South Africa, 2021 has seen several companies going out of business and with many turning to the business rescue process. South African creditors should realise that business rescue (as a restructuring...
by Engaged BT | Oct 26, 2021 | Engaged Business Turnaround
‘Made in SA’ pays off as supply chains choke SA companies are investing in local production as the disruption to global supply chains sees delivery skewed to larger, more profitable markets like the US. For example, TFG CEO Anthony Thunstrom says he...
by Engaged BT | Oct 21, 2021 | Engaged Business Turnaround
Discovery CEO on why it doesn’t pay to be overly negative about South Africa Discovery CEO Adrian Gore says there are a number of pressing issues that need to be addressed in SA, such the high rate of unemployment, inequality and poverty – but that people who...
by Engaged BT | Oct 19, 2021 | Engaged Business Turnaround
Tourism industry is still on the ropes While the latest survey of tourism accommodation suggests that tourism and business travel in SA continue to recover strongly, the occupancy rate of hotel and tourism accommodation and revenue earned from accommodation are...
by Engaged BT | Oct 18, 2021 | Engaged Business Turnaround
It could take a long time for a liquidator to pay your claim Before pursuing liquidation as an option, creditors would be best advised to consider how long it will take to recover the amount owed by the debtor and the actual amount which they may receive when...
by Engaged BT | Oct 14, 2021 | Engaged Business Turnaround
Turnaround Talk Round Table: The legal landscape governing business rescue. Are 13 years long enough for BRPs to get to know the legislation around business rescue? Legal experts recently discussed this and other issues with Turnaround Talk. Watch the recap...
by Engaged BT | Oct 12, 2021 | Engaged Business Turnaround
Risks are aplenty even as IMF bumps up SA’s 2021 growth forecast The IMF has raised its forecast for SA’s GDP growth in 2021 by a percentage point even as it pointed to risks to the global economy — not least higher global interest rates as faster inflation...
by Engaged BT | Oct 11, 2021 | Engaged Business Turnaround
Online Business Rescue Filings: The shortfalls of protocols implemented by the CIPC Knowing the start date of business rescue proceedings is critical, as it has an effect on the time periods within which the company is required to take further steps after the company...
by Engaged BT | Oct 8, 2021 | Engaged Business Turnaround
The Companies Amendment Bill 2021 could have unintended consequences for business rescue. Proposed amendments to sections 135 and 145 of the Companies Act raise various concerns related to post-commencement financing in the business rescue process. If understood...
