by Engaged BT | Nov 30, 2021 | Engaged Business Turnaround
SA’s jobless rate rises to a new high in Q3 SA desperately needs economic growth to create more jobs, but poor performing SOEs are curbing GDP output. Government estimates >R500bn was stolen from its coffers during Zuma’s 9-year tenure, with power utility...
by Engaged BT | Nov 29, 2021 | Engaged Business Turnaround
SA seeks to end policy ambiguity delaying Eskom rescue The new world for dysfunctional SOEs? “There’s absolutely going to be one voice as we go forward into 2022 and one direction that we want to go in as well,’ Public Enterprises Minister Pravin Gordhan...
by Engaged BT | Nov 25, 2021 | Engaged Business Turnaround
CNA receives purchase offer to save it from liquidation Black Mountain Investment Management, a Durban-based hedge fund cofounded by a former RMB staffer, has made an offer to buy CNA for R2m — whereby none of the creditors including suppliers, landlords,...
by Engaged BT | Nov 23, 2021 | Engaged Business Turnaround
The State of the Industry: Informal restructuring could add significant value Informal Restructuring: Did you know – More than half (55%) of respondents in a Deloitte survey believe management avoids intervention and backs themselves to trade out of the...
by Engaged BT | Nov 18, 2021 | Engaged Business Turnaround
Valuation practices under business rescue circumstances in South Africa A business rescue plan should indicate to creditors that a company is worth more ‘alive’ than ‘dead’. Conventional valuation methods have the underlying assumption...
by Engaged BT | Nov 16, 2021 | Engaged Business Turnaround
What are the legal considerations behind declaring a director delinquent? When approaching a business rescue, the root cause of distress can be mismanagement. In the replacement of the board, the business rescue practitioner needs to resort to a legal process...
by Engaged BT | Nov 15, 2021 | Engaged Business Turnaround
Business rescue: A technology for good Business Rescue was designed and eventually proclaimed in South Africa in 2008. It is in direct contrast to our current archaic insolvency legislation. What it means Instead of giving in to the crisis, a business...
by Engaged BT | Nov 11, 2021 | Engaged Business Turnaround
Holidays to the rescue for the tortured tourism sector The summer holidays may provide welcome respite for the tortured tourism sector, forced to its knees by lockdowns, travel restrictions and red lists. Jeremy Clayton, Cape chair of the hospitality trade...
by Engaged BT | Nov 9, 2021 | Engaged Business Turnaround
Is Eskom Stepping closer to business rescue? Recent reports have given us more insight into the perilous position that Eskom finds itself in. Years of neglect and leadership who needs to balance commitments to working towards a Net Zero Economy against...
