by Engaged BT | Jul 11, 2022 | Engaged Business Turnaround
Basics of business rescue toolkit. Restructuring companies in financial distress is on the increase globally. Werksmans Attorneys’s Eric Levenstein and Lauren Becker answer the most frequent FAQs. See the Toolkit here: ...
by Engaged BT | Jul 8, 2022 | Engaged Business Turnaround
Fear factor: Overcoming human barriers to innovation. Innovation is more ambiguous than any other business activity, requiring bold bets in the face of uncertain outcomes and a willingness to persevere despite setbacks, criticism, and self-doubt. Given...
by Engaged BT | Jul 7, 2022 | Engaged Business Turnaround
Huge to buy former Virgin Mobile network business. JSE-listed Huge Group is buying Tethys Mobile, previously known as Virgin Mobile SA, which has been in business rescue since 2020. Huge Group will acquire Cell C’s claims against Tethys, plus the claims...
by Engaged BT | Jul 5, 2022 | Engaged Business Turnaround
Welcome to SA: The country is back in business for global tourism. Is SA’s tourism living up to its full potential? Considering Australia gets roughly the same number of visitors as we do, and it’s a distinctly long-haul destination, shouldn’t...
by Engaged BT | Jul 4, 2022 | Engaged Business Turnaround
The government may finally have seen the light on the energy crisis. Let’s hope this is the turning point… It seems to have taken stage 6 load-shedding for Gov to realise it needs to relook its outdated Integrated Resource Plan, writes Business...
by Engaged BT | Jul 1, 2022 | Engaged Business Turnaround
SA benefits as investors steer clear of pariah Russia. SARB’s quarterly bulletin report showed SA recorded FDI inflows of R27.2bn in Q1:2022, up from R22.7bn in Q4: 2021 – a great barometer of investor confidence. In a separate story from Cape...
by Engaged BT | Jun 30, 2022 | Engaged Business Turnaround
What are the next steps for Comair? Comair’s provisional liquidation continues to raise questions on what will happen going forward. Cliffe Dekker Hofmeyr Inc’s Vincent Manko discussed the next steps with SAfm. “To cut to the chase, what the...
by Engaged BT | Jun 28, 2022 | Engaged Business Turnaround
The businesses are hit hardest by liquidations in South Africa right now. New data from Stats SA shows that the total number of liquidations decreased by 1.6% in May 2022 compared with the same period a year ago. Voluntary liquidations decreased by eight cases,...
by Engaged BT | Jun 27, 2022 | Engaged Business Turnaround
Tongaat Hulett hopes for a turnaround whiz. In a move aimed at helping the debt-laden sugar producer map out a fresh survival plan, Tongaat Hulett has picked turnaround specialist Piers Marsden as its chief restructuring officer to help it close a painful...
