Fiduciary Duties of Directors
A “director” of a company, as defined by the Companies Act, encompasses any individual who serves on the board.
From Business Rescue to Business as usual
Whether a business is sold as part of a business rescue (BR), there is inevitably a transition phase which will follow.
It’s not fixed unless it’s operationally restructured
To fix a company properly, in the long run, is through an intensive operational turnaround process.
Intensive business rescue allowing SGB-Smit Power Matla to resume critical supply
After almost 6 months of intensive turnaround work, EngagedBT published a draft Business Rescue plan for SGB-Smit Power Matla
Is your business struggling? Liquidation or Business Rescue are not the only options: The Section 155 Compromise
When a business is struggling there is another way to address financial distress, restructuring.
Afristrat abandons planned voluntary liquidation application, for now
Afrisat has been forced to abandon its planned voluntary liquidation application for now.
SA sees significant drop in insolvencies, but challenges remain
According to Allianz Trade’s Global Insolvency Report insolvencies in SA have reached a record low.
Another Salungano subsidiary enters business rescue
Salungano Group has advised that another subsidiary, Keaton Mining, has filed for business rescue.
Flickers of hope for Cape Town port
The Port of Cape Town, which has suffered shipping delays, endemic inefficiencies and equipment failures,