Less than two years after rescuing CNA from collapse, its owners are at loggerheads
CNA staff suffer as bosses clash
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EngagedBT Selected Articles
Cape Town records a big increase in tourist numbers
According to the latest Stats SA data, nearly 4.1 million tourists visited SA in H1:2023 – up 78% compared to H1:2022
Business rescues hide ANC’s confusion about the private sector’s role
The government struggles to accept the concept of shutting down failed businesses. Business rescue is then chosen as a last resort
115 CEOs sign on to campaign to reverse SA’s current trajectory
SA may be fatigued by pledges of support to reverse the country’s nosedive into economic atrophy…
Court clamps down on the abuse of business rescue proceedings
Warning from the courts: Abuse of business rescue proceedings in circumstances where there’s no reasonable prospect of rescuing a company will not be tolerated.
Over 800 businesses in South Africa have closed their doors since the start of 2023
Has the SA economy finally turned a corner? New liquidation figures seem to indicate so.
Everything is going to pieces? First check your availability bias
Availability bias is having a large-scale effect on the national conversation, but don’t overlook historic facts and be careful of generalisations.
Tanzania’s Kagera Sugar to acquire Tongaat Hulett sugar assets
Tongaat Hulett has secured Kagera Sugar as a strategic equity partner in a deal
Transnet breaks new ground in privatisation of SA’s ports
SA took a major step towards opening up its ports to private investment, selecting a Philippines-based multinational port operator…
Business rescue practitioners believe Rebosis will be saved
22 buyers have been accepted to do due diligence and make purchase offers to the debt-ridden Reit.
Post Office business rescue puts 7,000 jobs on the line
The Post Office collapsed into the arms of business rescue practitioners on Monday, 10th July, a form of bankruptcy protection.
SABC on the edge of collapse
The South African Broadcasting Corporation (SABC) is in extreme financial distress and could be forced to apply for business rescue
Pick n Pay helps farmers to sell their hail-damaged fruit
Good Hope Fruit has partnered with PnP on the “Hail to the Heroes” campaign,
H&M increased its SA employees by 23% in a year
H&M’s country manager says SA is a growth market with large potential, and that it’s excited to continue expanding.
SA puts muscle into efforts to get off greylist
Treasury is leading talks with the government, the SARB and regulators, to increase capacity and deepen the stringency of its sanctions and penalties,
Darkest before dawn, says Investec on SA
The entire SA ecosystem may feel quite sombre at the moment but in many ways, the local economy has been more resilient
Deloitte SA CFO survey
92% of SA CFOs feel the overall level of external financial & economic uncertainty facing their business is high.
Why are things in SA not a lot worse?
The surprising resilience of our economy shows that despite all the obstacles, South Africans are making a plan.