by Engaged BT | Jun 7, 2022 | Engaged Business Turnaround
South Africa’s economy is now back to pre-pandemic levels Finding the road back: SA’s GDP expanded 1.9% in Q1:2022, although experts warn this excludes the latest rounds of load shedding and KZN floods. The last time the country had a GDP of 2% for the...
by Engaged BT | Jun 6, 2022 | Engaged Business Turnaround
Business rescue could save distressed start-ups Although fewer companies are commencing business rescue proceedings, the number of liquidations remains extremely high. With these numbers in mind, businesses in SA should be considering business rescue more...
by Engaged BT | Jun 3, 2022 | Engaged Business Turnaround
Turnaround venture capitalists see opportunity in the current downturn “Every problem is an opportunity in disguise,” said US statesman, John Adams. As the market corrects, VCs are looking at turnaround opportunities for solid returns. “It’s going to be really...
by Engaged BT | Jun 2, 2022 | Engaged Business Turnaround
SA unemployment rate falls to 34.5% SA’s official unemployment rate declined to 34.5% in Q1:2022. According to the latest data, an estimated 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022. While the improvement...
by Engaged BT | May 31, 2022 | Engaged Business Turnaround
The neglected art of the turnaround With the market — until the recent meltdown — mostly enamoured of high-flying growth stocks, the art of the turnaround has been much neglected by investors. Some business turnaround efforts have been truly painful for...
by Engaged BT | May 30, 2022 | Engaged Business Turnaround
Large foreign investors still see SA as the strongest economy in Africa SA had a relatively positive story to tell. When buried in the coal face of dealing with SA’s challenges, we sometimes feel overwhelmed. Taking a step back and seeing it through foreigners’...
by Engaged BT | May 27, 2022 | Engaged Business Turnaround
Room rates, occupancy nearly double as Cape Town tourism bounces back Cape Town tourism is showing green shoots as occupancy and room rates have nearly doubled from March 2021 to March 2022. Before the Covid-19 pandemic, Cape Town’s tourism sector...
by Engaged BT | May 26, 2022 | Engaged Business Turnaround
Pravin Gordhan says no to offloading bankrupt Denel Gordhan has suggested that Denel should always be under some form of state control for security reasons. The reality is SA needs serious organised infrastructure development and investment to become globally...
by Engaged BT | May 24, 2022 | Engaged Business Turnaround
Some good news for businesses in South Africa New data from Stats SA shows that the total number of liquidations in April decreased by 12.7% compared to a year ago. Voluntary liquidations decreased by 29 cases, while compulsory liquidations increased by nine cases, it...
