by Engaged BT | May 31, 2022 | Engaged Business Turnaround
The neglected art of the turnaround With the market — until the recent meltdown — mostly enamoured of high-flying growth stocks, the art of the turnaround has been much neglected by investors. Some business turnaround efforts have been truly painful for...
by Engaged BT | May 30, 2022 | Engaged Business Turnaround
Large foreign investors still see SA as the strongest economy in Africa SA had a relatively positive story to tell. When buried in the coal face of dealing with SA’s challenges, we sometimes feel overwhelmed. Taking a step back and seeing it through foreigners’...
by Engaged BT | May 27, 2022 | Engaged Business Turnaround
Room rates, occupancy nearly double as Cape Town tourism bounces back Cape Town tourism is showing green shoots as occupancy and room rates have nearly doubled from March 2021 to March 2022. Before the Covid-19 pandemic, Cape Town’s tourism sector...
by Engaged BT | May 26, 2022 | Engaged Business Turnaround
Pravin Gordhan says no to offloading bankrupt Denel Gordhan has suggested that Denel should always be under some form of state control for security reasons. The reality is SA needs serious organised infrastructure development and investment to become globally...
by Engaged BT | May 24, 2022 | Engaged Business Turnaround
Some good news for businesses in South Africa New data from Stats SA shows that the total number of liquidations in April decreased by 12.7% compared to a year ago. Voluntary liquidations decreased by 29 cases, while compulsory liquidations increased by nine cases, it...
by Engaged BT | May 23, 2022 | Engaged Business Turnaround
S&P lifts South Africa’s outlook to ‘positive’ S&P has upgraded its outlook for SA from “stable” to “positive” but also warned that structural impediments are likely to continue to weigh on medium-term growth. “Continued economic reforms, such as those related...
by Engaged BT | May 20, 2022 | Engaged Business Turnaround
Investment turnaround may lead to growth in 2022 Robust growth in private investment spending could lift the economy this year, helping to counter the impact of a slowing household sector and a bleak global backdrop, economists say. This comes after several years in...
by Engaged BT | May 19, 2022 | Engaged Business Turnaround
Inside Pieter Boone’s plan to return Pick n Pay to its former glory Supermarket giant Pick n Pay has implemented many failed turnaround plans, dating back to Nelson Mandela’s presidency. But the company’s new boss believes his plan will grow the retailer’s...
by Engaged BT | May 16, 2022 | Engaged Business Turnaround
Directors be warned: There is no absolution in rescue Who takes control of a company in business rescue? When a company enters business rescue under the provisions of the Act, the business rescue practitioner (BRP) is given wide-ranging powers in order to...
