by Engaged BT | May 23, 2022 | Engaged Business Turnaround
S&P lifts South Africa’s outlook to ‘positive’ S&P has upgraded its outlook for SA from “stable” to “positive” but also warned that structural impediments are likely to continue to weigh on medium-term growth. “Continued economic reforms, such as those related...
by Engaged BT | May 20, 2022 | Engaged Business Turnaround
Investment turnaround may lead to growth in 2022 Robust growth in private investment spending could lift the economy this year, helping to counter the impact of a slowing household sector and a bleak global backdrop, economists say. This comes after several years in...
by Engaged BT | May 19, 2022 | Engaged Business Turnaround
Inside Pieter Boone’s plan to return Pick n Pay to its former glory Supermarket giant Pick n Pay has implemented many failed turnaround plans, dating back to Nelson Mandela’s presidency. But the company’s new boss believes his plan will grow the retailer’s...
by Engaged BT | May 16, 2022 | Engaged Business Turnaround
Directors be warned: There is no absolution in rescue Who takes control of a company in business rescue? When a company enters business rescue under the provisions of the Act, the business rescue practitioner (BRP) is given wide-ranging powers in order to...
by Engaged BT | May 12, 2022 | Engaged Business Turnaround
After the ANC government’s many failures, will it be big business to the rescue? The ANC’s position is that South Africa has a “mixed” economy in which the government runs certain parts of the economy while the private sector runs other parts of it. Over the past few...
by Engaged BT | May 10, 2022 | Engaged Business Turnaround
Game launches new online store as it takes aim at the delivery market in SA Massmart-owned retailer Game has launched a new online store which it says forms the next step in its turnaround strategy. This is part of an aggressive digital push to reclaim lost...
by Engaged BT | May 9, 2022 | Engaged Business Turnaround
What South Africa’s highest inflation in five years means for your budget SA consumer price inflation is now 5.9% – the highest since 2017, which will impact the cost of doing business. This marks a distinct change. In recent memory, inflation in most...
by Engaged BT | May 6, 2022 | Engaged Business Turnaround
SMEs make massive pandemic recovery Here’s some good news for a change! Nearly two-thirds of SA SMEs reported growth over the last year, although they still face challenges, research from Xero and World Wide Worx has found. READ...
by Engaged BT | May 5, 2022 | Engaged Business Turnaround
Boards of distressed companies overlook notice rules at their peril Is it appropriate for directors to let a company keep trading while in financial distress? Werksmans Attorneys warns that non-compliance with section 129(7), putting stakeholders on notice,...
