Time limit for delinquent director applications under review
The DTI is planning to amend the Companies Act to address the 2-year time bar on applications to have a director declared delinquent
Unpacking employee rights in the fog of business rescue
Very interesting article on employees in business rescue, who could take an active role in the process
Turnaround success helps TFG’s Jet win market share
What a positive story about business turnaround in the retail space. Looks like Jet is on the up and up as consumer demand grows in the value segment.
Business and government’s big plans to save crisis-hit South Africa
Public/ private sector collaboration on a broad plan to urgently tackle various crises is encouraging. In an “unprecedented” meeting this week
SA skirts recession as economy back to pre-Covid size
Back to black? South Africa’s economy escaped recession in the first quarter and is once again bigger than before the coronavirus pandemic hit
Post Office applies for business rescue in effort to save ‘essential service’
One could argue that business rescue is the best way for failing SOEs to go for rehabilitation – provided the heart of the business is still beating…
The frightening issues of compulsory audit firm rotation
In SA, we’re only too familiar with accounting scandals. As a remedy, IRBA decided companies must rotate their auditors every few years.
Opportunities for Private Equity in Business Rescue
The role of private equity in business rescue and restructuring is to return companies to a healthy position of solvency.
Steinhoff shareholders reject restructuring
Almost 90% of Steinhoff shareholders have rejected the restructuring deal that aimed to prevent bankruptcy