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.