by Engaged BT | Jun 13, 2022 | Engaged Business Turnaround
A new game plan proposed to end load shedding, as top researchers say Stage 8 looms If crucial interventions are not made soon, load shedding could get far worse with Stage 6 or 8 in the foreseeable future. Economists have modelled a game plan for the shortest...
by Engaged BT | Jun 10, 2022 | Engaged Business Turnaround
Requirements for establishing reasonable prospects of rescue: Vague and speculative allegations are not enough It’s always a good idea to consult a business rescue expert before proceeding, to ensure there’s a “reasonable prospect of rescue,”...
by Engaged BT | Jun 9, 2022 | Engaged Business Turnaround
Comair in sight of its final resting place Pandemic decimating the airline industry. After operating for nearly 80 years, Comair is being liquidated, removing 40% of all available airline seats in SA (or market share). However, the Competition Commission has...
by Engaged BT | Jun 7, 2022 | Engaged Business Turnaround
South Africa’s economy is now back to pre-pandemic levels Finding the road back: SA’s GDP expanded 1.9% in Q1:2022, although experts warn this excludes the latest rounds of load shedding and KZN floods. The last time the country had a GDP of 2% for the...
by Engaged BT | Jun 6, 2022 | Engaged Business Turnaround
Business rescue could save distressed start-ups Although fewer companies are commencing business rescue proceedings, the number of liquidations remains extremely high. With these numbers in mind, businesses in SA should be considering business rescue more...
by Engaged BT | Jun 3, 2022 | Engaged Business Turnaround
Turnaround venture capitalists see opportunity in the current downturn “Every problem is an opportunity in disguise,” said US statesman, John Adams. As the market corrects, VCs are looking at turnaround opportunities for solid returns. “It’s going to be really...
by Engaged BT | Jun 2, 2022 | Engaged Business Turnaround
SA unemployment rate falls to 34.5% SA’s official unemployment rate declined to 34.5% in Q1:2022. According to the latest data, an estimated 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022. While the improvement...
