News

The Body Shop has collapsed into administration in the UK, threatening over 2,000 jobs and about 200 store closures.

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 Mine is about to exit business rescue – reviving the mine and restoring the jobs of thousands of workers

Property owners and Reits are still battling with double-digit office vacancies as hybrid work becomes a permanent feature in SA.

Ellies has entered voluntary business rescue. The company has been under pressure for a while…

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’.

Between 2016 and 2019 Boeing spent $40bn on share buybacks – money that could otherwise have been invested into capex.

The failure of public services provides an opportunity for local companies to partner with the government to assist in addressing socio-economic issues

Creditors of a company, acting in the public interest, can now approach the High Court to have directors of such a company declared delinquent.

Transnet and fruit exporters at Cape Town’s port are finally getting the structure in place to address operational issues in real-time.

The business rescue plan for the SA Post Office estimates 6,000 workers – more than half the current workforce of 11,038

Tens of thousands of people reliant on the sugar industry for their living can rest easier after Tongaat’s business rescue plan was finally accepted

With ABSA’s PMI rising 2.7 points to 50.9 index points – above the neutral reading of 50 – in Dec, we’re hoping for the best in 2024.

The spotlight on directors and compliance with their fiduciary duties often comes under scrutiny when a company finds itself in financial distress.

The Cabinet has approved the Draft National State Enterprises Bill for tabling in Parliament – to create a new state-owned holding company to manage the finances of all our SOEs