by Engaged BT | May 12, 2021 | Engaged Business Turnaround
South Africa has one of the highest business failure rates in the world South Africa has one of the highest failure rates for SMMEs, with five out of seven of these businesses failing within the first year, says specialist advisory service Cova Advisory. Most...
by Engaged BT | May 10, 2021 | Engaged Business Turnaround
Economic prospects are improving, or maybe not … A discussion on the outlook for SA’s economy by economists at Absa Corporate and Investment Bank has painted a largely positive picture with stronger economic growth, a stronger exchange rate, low inflation and...
by Engaged BT | Apr 30, 2021 | Engaged Business Turnaround
The businesses hardest hit by liquidations in South Africa Statistics South Africa has published its latest report on liquidations and insolvencies, with the data showing a steep annual increase in liquidations across the country. Total liquidations were up...
by Engaged BT | Apr 28, 2021 | Engaged Business Turnaround
South Africa’s tourism businesses need to change their models Normality in the tourism industry is expected to return towards the end of 2022. With a large proportion of SA’s supply market geared towards international tourism, this market has suffered severely...
by Engaged BT | Apr 17, 2021 | Engaged Business Turnaround
SA Post Office’s financial crisis worsens — it’s now technically insolvent The SA Post Office (Sapo) has joined a growing list of state-owned entities that have been declared financially insolvent by the Auditor-General because the company is loss-making,...
by Engaged BT | Apr 14, 2021 | Engaged Business Turnaround
Treasury flogs a dead loan guarantee scheme for another three months With R18.16-billion in loans advanced to small and medium-sized businesses as of 27 March 2021, the scheme has failed to reach its 10% loan disbursement target. The government’s loan guarantee...
by Engaged BT | Apr 12, 2021 | Engaged Business Turnaround
South Africa’s SOE restructuring outlook and lessons learnt for Eskom The government has over recent months become more forceful in its dealings with SOEs, introducing ideas of privatisation or strategic equity partners in cases like South African Airways...
by Engaged BT | Apr 6, 2021 | Engaged Business Turnaround
Aviation industry gradually getting back to the skies South Africa’s troubled aviation industry is gradually getting back to the skies as the Covid-19 turbulence has eased in the country while the vaccination drive is being rolled out. Low-cost...
by Engaged BT | Mar 29, 2021 | Engaged Business Turnaround
Pearls of wisdom from Christo Wiese Losing money – any amount – is something no one wants to go through. When Steinhoff fell from grace, many South Africans lost money. By far the biggest loser in the scandal is Christo Wiese. The former Shoprite chairman lost...
