by Engaged BT | Jun 30, 2022 | Engaged Business Turnaround
What are the next steps for Comair? Comair’s provisional liquidation continues to raise questions on what will happen going forward. Cliffe Dekker Hofmeyr Inc’s Vincent Manko discussed the next steps with SAfm. “To cut to the chase, what the...
by Engaged BT | Jun 28, 2022 | Engaged Business Turnaround
The businesses are hit hardest by liquidations in South Africa right now. New data from Stats SA shows that the total number of liquidations decreased by 1.6% in May 2022 compared with the same period a year ago. Voluntary liquidations decreased by eight cases,...
by Engaged BT | Jun 27, 2022 | Engaged Business Turnaround
Tongaat Hulett hopes for a turnaround whiz. In a move aimed at helping the debt-laden sugar producer map out a fresh survival plan, Tongaat Hulett has picked turnaround specialist Piers Marsden as its chief restructuring officer to help it close a painful...
by Engaged BT | Jun 24, 2022 | Engaged Business Turnaround
Revlon files for bankruptcy after missing the social media-fuelled makeup boom. Digital kills another decades-old company, as Revlon has filed for bankruptcy in the US. When Revlon struggled to appeal to younger generations, it bought legacy brand Elizabeth...
by Engaged BT | Jun 23, 2022 | Engaged Business Turnaround
Hard-hit global hospitality sector on the mend from Covid-19 Few, if any, mainstream economic sectors were hit as hard by Covid-induced restrictions as the global hospitality sector. Fortunately, the worst seems to be over and the recovery during 2022 has been...
by Engaged BT | Jun 21, 2022 | Engaged Business Turnaround
When should a company consider business rescue? Recently, the country has been abuzz with the news of Comair being placed under provisional liquidation. This is after the airline operator’s business rescue practitioners lodged an application with the...
by Engaged BT | Jun 20, 2022 | Engaged Business Turnaround
The Foschini Group, South Africa’s clothing industry success story Talk about a tipping point. Between 2014 and 2018, clothing retailer and manufacturer The Foschini Group (TFG) produced 5 million garments in South Africa annually. In 2018, this number began to...
by Engaged BT | Jun 17, 2022 | Engaged Business Turnaround
Saving a leading engineering company through business rescue Cast Products SA has been under the control of the turnaround team of Engaged Business Turnaround and Chrisyd Advisory Services for five months, after the firms were appointed to manage its business...
by Engaged BT | Jun 14, 2022 | Engaged Business Turnaround
Post Office 2.0 – How the embattled institution wants to reinvent itself SA Post Office has admitted it’ll need a cash injection to keep operating… But judging by its turnaround plan, it seems undeterred – its lofty goals include delivering...
