by Engaged BT | Dec 7, 2021 | Engaged Business Turnaround
Parties may seek rectification of agreements after liquidation, but beware Whereas so-called ‘gentlemen’s agreement’ by a handshake and the ‘my word is my bond’ agreements are generally difficult to prove, written agreements tend to give parties comfort that...
by Engaged BT | Dec 6, 2021 | Engaged Business Turnaround
Anyone for a piece of Mango? Low-cost carrier Mango, whose revised business rescue plan got the green light from creditors on 2 Dec, wasted no time in publishing a call for expressions of interest (EOI) on its website the same day. But will the price tag, in...
by Engaged BT | Dec 2, 2021 | Engaged Business Turnaround
Managing through crunch time – without burning out your team Business turnarounds or business rescues can often be very taxing on teams. If you’re a leader navigating a restructuring or even just trying to steer your business through Q4, read...
by Engaged BT | Dec 1, 2021 | Engaged Business Turnaround
Eskom needs an emphatic dose of Business Rescue OPINION: It should be clear by now that the Eskom executive committee team cannot drive the turnaround, through no fault of its own. Given Eskom’s inability to perform its most basic functions, the time has come...
by Engaged BT | Nov 30, 2021 | Engaged Business Turnaround
SA’s jobless rate rises to a new high in Q3 SA desperately needs economic growth to create more jobs, but poor performing SOEs are curbing GDP output. Government estimates >R500bn was stolen from its coffers during Zuma’s 9-year tenure, with power utility...
by Engaged BT | Nov 29, 2021 | Engaged Business Turnaround
SA seeks to end policy ambiguity delaying Eskom rescue The new world for dysfunctional SOEs? “There’s absolutely going to be one voice as we go forward into 2022 and one direction that we want to go in as well,’ Public Enterprises Minister Pravin Gordhan...
by Engaged BT | Nov 25, 2021 | Engaged Business Turnaround
CNA receives purchase offer to save it from liquidation Black Mountain Investment Management, a Durban-based hedge fund cofounded by a former RMB staffer, has made an offer to buy CNA for R2m — whereby none of the creditors including suppliers, landlords,...
by Engaged BT | Nov 23, 2021 | Engaged Business Turnaround
The State of the Industry: Informal restructuring could add significant value Informal Restructuring: Did you know – More than half (55%) of respondents in a Deloitte survey believe management avoids intervention and backs themselves to trade out of the...
by Engaged BT | Nov 18, 2021 | Engaged Business Turnaround
Valuation practices under business rescue circumstances in South Africa A business rescue plan should indicate to creditors that a company is worth more ‘alive’ than ‘dead’. Conventional valuation methods have the underlying assumption...
