A “director” of a company, as defined by the Companies Act, encompasses any individual who serves on the board.
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Our Industry Articles
EngagedBT Selected Articles
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,
Enoch shows Transnet tough love
Transnet’s creditors are putting pressure on the Treasury to give the state-owned logistics company a bailout…
Not an “easy out” – Nedbank Limited vs. Pacinamix (Pty) Limited
Business rescue plans need to be realistic and substantiated to give businesses a real chance at recovery.
Finance minister can learn from CFOs
The minister’s job is not all that far removed from that of a CFO at a firm — except his business is the country.
Body Shop goes bust in UK but it’s business as usual for SA consumers
The Body Shop has collapsed into administration in the UK, threatening over 2,000 jobs and about 200 store closures.
Solving the uncertainty surrounding the replacement of an interim business rescue practitioner
What process ought to be followed if the interim business rescue practitioner’s appointment isn’t ratified at the first meeting of creditors?
Optimum Coal to exit business rescue after six agonising years
Optimum Coal Mine is about to exit business rescue – reviving the mine and restoring the jobs of thousands of workers
Work from home not going anywhere in South Africa
Property owners and Reits are still battling with double-digit office vacancies as hybrid work becomes a permanent feature in SA.
Ellies’s power play flops, forces electronics group into business rescue
Ellies has entered voluntary business rescue. The company has been under pressure for a while…
Cash Crusaders faces sword after a franchisee revolt
Cash Crusaders is in a precarious financial position after franchisees responsible for 40% of its royalty fees broke away from the group and formed a rival outfit, ‘Cash Xchange’.