by Engaged BT | Nov 16, 2021 | Engaged Business Turnaround
What are the legal considerations behind declaring a director delinquent? When approaching a business rescue, the root cause of distress can be mismanagement. In the replacement of the board, the business rescue practitioner needs to resort to a legal process...
by Engaged BT | Nov 15, 2021 | Engaged Business Turnaround
Business rescue: A technology for good Business Rescue was designed and eventually proclaimed in South Africa in 2008. It is in direct contrast to our current archaic insolvency legislation. What it means Instead of giving in to the crisis, a business...
by Engaged BT | Nov 11, 2021 | Engaged Business Turnaround
Holidays to the rescue for the tortured tourism sector The summer holidays may provide welcome respite for the tortured tourism sector, forced to its knees by lockdowns, travel restrictions and red lists. Jeremy Clayton, Cape chair of the hospitality trade...
by Engaged BT | Nov 9, 2021 | Engaged Business Turnaround
Is Eskom Stepping closer to business rescue? Recent reports have given us more insight into the perilous position that Eskom finds itself in. Years of neglect and leadership who needs to balance commitments to working towards a Net Zero Economy against...
by Engaged BT | Nov 4, 2021 | Engaged Business Turnaround
Travel, Hospitality, Tourism – Manage your Financial Distress The Engaged Tourism initiative was created to respond to the widespread struggle seen in the travel, tourism and hospitality sector. We believe that in order to place the South African...
by Engaged BT | Nov 3, 2021 | Engaged Business Turnaround
Massmart surges over 8%, as turnaround gains traction Sasfin senior equity analyst Alec Abraham told Moneyweb that the group’s turnaround strategy has great potential to bring it back to profitability in the short term. “The Massmart turnaround plan continues...
by Engaged BT | Nov 2, 2021 | Engaged Business Turnaround
Business rescue plan suggests that Mango likely to be dumped State-owned budget airline Mango’s proposed business rescue plan was published on 29 Oct and outlines a restructuring plan for the airline or, as an alternative, to liquidate the asset. At first...
by Engaged BT | Oct 28, 2021 | Engaged Business Turnaround
Advancing credit to financially distressed companies In South Africa, 2021 has seen several companies going out of business and with many turning to the business rescue process. South African creditors should realise that business rescue (as a restructuring...
by Engaged BT | Oct 26, 2021 | Engaged Business Turnaround
‘Made in SA’ pays off as supply chains choke SA companies are investing in local production as the disruption to global supply chains sees delivery skewed to larger, more profitable markets like the US. For example, TFG CEO Anthony Thunstrom says he...
