by Engaged BT | Oct 12, 2021 | Engaged Business Turnaround
Risks are aplenty even as IMF bumps up SA’s 2021 growth forecast The IMF has raised its forecast for SA’s GDP growth in 2021 by a percentage point even as it pointed to risks to the global economy — not least higher global interest rates as faster inflation...
by Engaged BT | Oct 11, 2021 | Engaged Business Turnaround
Online Business Rescue Filings: The shortfalls of protocols implemented by the CIPC Knowing the start date of business rescue proceedings is critical, as it has an effect on the time periods within which the company is required to take further steps after the company...
by Engaged BT | Oct 8, 2021 | Engaged Business Turnaround
The Companies Amendment Bill 2021 could have unintended consequences for business rescue. Proposed amendments to sections 135 and 145 of the Companies Act raise various concerns related to post-commencement financing in the business rescue process. If understood...
by Engaged BT | Oct 5, 2021 | Engaged Business Turnaround
The Sigmund Project: The best idea you will hear about today Have you heard of The Sigmund Project? Marketer Alan Merschen may have struck gold with his nonprofit collaborative platform aimed at rejuvenating a battered global tourism industry. While The Sigmund...
by Engaged BT | Sep 30, 2021 | Engaged Business Turnaround
There is significant value in business rescue Over the past two years, Business Rescue has received a lot of media attention. This has been driven by the business rescues of South African Airways, Edgars, CNA and Ster-Kinekor. In many of the above cases,...
by Engaged BT | Sep 29, 2021 | Engaged Business Turnaround
South Africa’s job crunch persists ahead of expected Covid fourth wave Employment in second-quarter dips as South Africa’s job crunch persists ahead of expected Covid fourth wave. We’re in for a protracted recovery of the labour market, desperately...
by Engaged BT | Sep 28, 2021 | Engaged Business Turnaround
Going bust: Insolvencies spike after July riots and lockdowns knock finance and tourism. As expected, the lockdowns and July unrest have been very bad for the economy, with liquidations spiking 157% in July 2021. The Bureau of Economic Research says tourism is...
by Engaged BT | Sep 23, 2021 | Engaged Business Turnaround
Salary issues leave a bad taste in the mouths of distressed business owners When a company becomes financially distressed, most payments are put on hold as the company and its BRPs sit down to assess the company’s financial position. Unfortunately, this...
by Engaged BT | Sep 20, 2021 | Engaged Business Turnaround
Firms cling to cash amid high policy uncertainty Holding on to funds is not an investor strike but rather a barometer of reaction to excessive insecurity levels. Academic research shows policy uncertainty (over higher taxes, lockdown restrictions, social...
