by Engaged BT | Mar 17, 2022 | Engaged Business Turnaround
CRI Series|Business Rescue: 10 years on… (part 1) The CIPC issued a report on business rescue proceedings from its inception on 1 May 2011 to 31 December 2021 – a “ten-year” scorecard. It takes stock of how business rescue has developed over that period and...
by Engaged BT | Mar 14, 2022 | Engaged Business Turnaround
South Africa to launch a new Covid loan scheme from April – what you should know Government plans to launch a new ‘bounce-back’ loan scheme from SMEs from 3 April, which will relax the previous requirement for collateral. READ...
by Engaged BT | Mar 10, 2022 | Engaged Business Turnaround
The role of directors in business rescue proceedings: To not get in their own way What is the role of the board of directors during the business rescue process and what happens when directors want to be in control? Cliffe Dekker Hofmeyer explains, as a point of...
by Engaged BT | Mar 8, 2022 | Engaged Business Turnaround
New Hotels to open in SA this year While still some way off occupancy rates of 56.5% in Jan 2020, SA hotel stays have grown year on year from 20.7% in 2021 to 40.4% in 2022. This points to an encouraging uptick in demand, especially as foreign tourists haven’t...
by Engaged BT | Mar 7, 2022 | Engaged Business Turnaround
Massmart reveals massive store expansion Turnaround initiatives to simplify and focus the business are mostly complete, says Massmart, as it regears for growth. Future plans will also include creating a shopping experience heavily weighted towards intuitive...
by Engaged BT | Mar 4, 2022 | Engaged Business Turnaround
Corporate Restructuring Strategies Businesses now operate in a set of circumstances that has been reshaped by a pandemic. For some businesses, says Deloitte, the need for change may be painfully obvious. For others experiencing a milder impact, there still may...
by Engaged BT | Mar 3, 2022 | Engaged Business Turnaround
Inside Edgars’ unlikely revival Retailability pulled off a coup in 2020 when it bought 114 Edgars stores. Now, they’ve all turned profitable. Retailability’s CEO tells Financial Mail where the problems lay, how they fixed it and how, having...
by Engaged BT | Mar 1, 2022 | Engaged Business Turnaround
Hope for Ster Kinekor On 9 March, Ster Kinekor’s creditors will vote on a business rescue plan that includes two new owners. Blantyre Capital, in partnership with Green Point Capital, had offered to buy the movie business with an R250 million senior...
by Engaged BT | Feb 28, 2022 | Engaged Business Turnaround
Huge Turnaround for Spur In some aspects, SA is getting back to 2019 earnings levels, but some brands are much closer to recovery than others. Bruce Whitfield of The Money Show interviews Val Nichas, Group CEO of the Spur Corporation (the group’s brands...
