by Engaged BT | Apr 28, 2022 | Engaged Business Turnaround
How to turn around a “failed” company A few years ago, digital integration company EOH was collapsing. Now it has returned to profit. Its CEO was tasked not only with turning the company around but also with cleaning up its reputation. Four years later, there...
by Engaged BT | Apr 26, 2022 | Engaged Business Turnaround
South Africa relaunches ‘bounce back’ finance scheme Treasury’s Bounce Bank Support Scheme promised in the March Budget Speech, will now start offering businesses extra funding to grow the SA economy and create jobs. Businesses with a maximum turnover of R100...
by Engaged BT | Apr 25, 2022 | Engaged Business Turnaround
Southern Skies to fund CyberCellar turnaround Southern Skies Investment Holdings will provide funding and business expertise to help CyberCellar return to profitability, and then scale to capitalise on the wine e-commerce opportunity. The SA wine industry is...
by Engaged BT | Apr 14, 2022 | Engaged Business Turnaround
Economy: False dawn or real recovery? Bloomberg reports that BankservAfrica’s Economic Transactions Index increased 2.4% in Q1:2022, which means SA’s economy likely grew more than 2%, beating economists’ forecasts. Are we too cynical about SA’s...
by Engaged BT | Apr 12, 2022 | Engaged Business Turnaround
Dutch companies to ramp up investment in South Africa The Netherlands is South Africa’s second-largest source of FDI, with 19.3% of all inflows. Several Dutch companies plan to expand their investments in South Africa in key areas such as health, cybersecurity...
by Engaged BT | Apr 8, 2022 | Engaged Business Turnaround
Business Rescue In Need Of Better Regulation – Deloitte Business rescue in South Africa is experiencing a crisis of trust, mainly due to the low success rate experienced by lenders as well as the unsuitability of business rescue practitioners. This is one...
by Engaged BT | Apr 7, 2022 | Engaged Business Turnaround
Granola for the banks It sounds like something Kellogg’s makes, but Working Capital Crunch is hard for some businesses to digest. There’s a capital crunch underway, and in company announcements locally and abroad, there are increasing signs of lengthening...
by Engaged BT | Apr 5, 2022 | Engaged Business Turnaround
Do shareholders have a say in business rescue proceedings? Can shareholders block a business rescue practitioner’s plan to issue shares in the company as part of the business rescue plan, thereby diluting the shareholding of any class of shareholders? It...
by Engaged BT | Apr 4, 2022 | Engaged Business Turnaround
Upbeat report from Moody’s may not be enough to convince the sceptics Moody’s has raised SA’s rating outlook from negative to stable. But broken SOEs, GDP growth of only 1.5% for this year, and 35% unemployment mean there’s still much more work to...
