Navigating the South African Business Rescue Landscape: Key Insights from Our Recent Webinar
In the recent webinar, we explored the crucial role of stakeholders within the South African business rescue environment—a discussion that remains ever-relevant as economic pressures mount. With 13 years since the introduction of business rescue legislation, the need...
A Landmark Development: How the dedicated insolvency court will enhance business rescue in South Africa
In today’s challenging economic climate, businesses often face financial distress, requiring structured intervention to restore stability and prevent collapse. Recognising the need for more efficient insolvency proceedings, the High Court of South Africa, Gauteng...
When Is It Too Late for Business Rescue?
The only thing a business owner or management team fears more than business rescue is liquidation. This inherent fear of temporarily relinquishing control and seeking help often results in last-minute, crisis-driven decisions.
Rethinking Commercial Banking Restructuring: A Proactive Approach to Operational Turnaround – Mark Townsend, Executive Management
In the realm of commercial banking, particularly in South Africa, a prevailing approach has been to primarily focus on the legal processes of debt recovery and balance sheet restructuring when businesses encounter financial distress.
Fiduciary Duties of Directors
A “director” of a company, as defined by the Companies Act, encompasses any individual who serves on the board.
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