by Engaged BT | Nov 4, 2021 | Engaged Business Turnaround
Travel, Hospitality, Tourism – Manage your Financial Distress The Engaged Tourism initiative was created to respond to the widespread struggle seen in the travel, tourism and hospitality sector. We believe that in order to place the South African...
by Engaged BT | Nov 3, 2021 | Engaged Business Turnaround
Massmart surges over 8%, as turnaround gains traction Sasfin senior equity analyst Alec Abraham told Moneyweb that the group’s turnaround strategy has great potential to bring it back to profitability in the short term. “The Massmart turnaround plan continues...
by Engaged BT | Nov 2, 2021 | Engaged Business Turnaround
Business rescue plan suggests that Mango likely to be dumped State-owned budget airline Mango’s proposed business rescue plan was published on 29 Oct and outlines a restructuring plan for the airline or, as an alternative, to liquidate the asset. At first...
by Engaged BT | Oct 28, 2021 | Engaged Business Turnaround
Advancing credit to financially distressed companies In South Africa, 2021 has seen several companies going out of business and with many turning to the business rescue process. South African creditors should realise that business rescue (as a restructuring...
by Engaged BT | Oct 26, 2021 | Engaged Business Turnaround
‘Made in SA’ pays off as supply chains choke SA companies are investing in local production as the disruption to global supply chains sees delivery skewed to larger, more profitable markets like the US. For example, TFG CEO Anthony Thunstrom says he...
by Engaged BT | Oct 21, 2021 | Engaged Business Turnaround
Discovery CEO on why it doesn’t pay to be overly negative about South Africa Discovery CEO Adrian Gore says there are a number of pressing issues that need to be addressed in SA, such the high rate of unemployment, inequality and poverty – but that people who...
by Engaged BT | Oct 19, 2021 | Engaged Business Turnaround
Tourism industry is still on the ropes While the latest survey of tourism accommodation suggests that tourism and business travel in SA continue to recover strongly, the occupancy rate of hotel and tourism accommodation and revenue earned from accommodation are...
by Engaged BT | Oct 18, 2021 | Engaged Business Turnaround
It could take a long time for a liquidator to pay your claim Before pursuing liquidation as an option, creditors would be best advised to consider how long it will take to recover the amount owed by the debtor and the actual amount which they may receive when...
by Engaged BT | Oct 14, 2021 | Engaged Business Turnaround
Turnaround Talk Round Table: The legal landscape governing business rescue. Are 13 years long enough for BRPs to get to know the legislation around business rescue? Legal experts recently discussed this and other issues with Turnaround Talk. Watch the recap...
