by Engaged BT | May 10, 2022 | Engaged Business Turnaround
Game launches new online store as it takes aim at the delivery market in SA Massmart-owned retailer Game has launched a new online store which it says forms the next step in its turnaround strategy. This is part of an aggressive digital push to reclaim lost...
by Engaged BT | May 9, 2022 | Engaged Business Turnaround
What South Africa’s highest inflation in five years means for your budget SA consumer price inflation is now 5.9% – the highest since 2017, which will impact the cost of doing business. This marks a distinct change. In recent memory, inflation in most...
by Engaged BT | May 6, 2022 | Engaged Business Turnaround
SMEs make massive pandemic recovery Here’s some good news for a change! Nearly two-thirds of SA SMEs reported growth over the last year, although they still face challenges, research from Xero and World Wide Worx has found. READ...
by Engaged BT | May 5, 2022 | Engaged Business Turnaround
Boards of distressed companies overlook notice rules at their peril Is it appropriate for directors to let a company keep trading while in financial distress? Werksmans Attorneys warns that non-compliance with section 129(7), putting stakeholders on notice,...
by Engaged BT | May 3, 2022 | Engaged Business Turnaround
SA hotels want municipal rates to be lowered – to help with the post-lockdown recovery According to the Tourism Business Council of SA, the tourism sector lost 470,000 jobs due to Covid-19 with only 37% of employees receiving 100% of their salaries in Feb 2022....
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...
