by Engaged BT | Sep 17, 2021 | Engaged Business Turnaround
SA is the only G20 country that will not recover to pre-pandemic levels by 2022 – the forecast. The South African economy is the only one among the G20 group of countries that will not achieve pre-Covid-19 levels of growth before 2022, according to the...
by Engaged BT | Sep 15, 2021 | Engaged Business Turnaround
What happens to a surety obligation when the principal debtor is in business rescue? For many years, there has been uncertainty regarding the impact business rescue has on the liability of a surety for a debt of a company after a Plan has been implemented....
by Engaged BT | Sep 9, 2021 | Engaged Business Turnaround
The abuse of business rescue: Exploitation of the Chapter 6 lifeboat While many applications for business rescue are properly motivated, there has been a significant number of companies that have simply been in search of a debt holiday. Read this story on how...
by Engaged BT | Sep 6, 2021 | Engaged Business Turnaround
Hard Things About A Hard Thing: Some things in a business turnaround will work, others will not. No plan is perfect. Listen, learn and adapt – as you make incremental progress with meaningful product improvements that do the job. Or, you can create an entirely...
by Engaged BT | Sep 2, 2021 | Engaged Business Turnaround
Flying solo: SAA will have to stand on its own after Treasury ushers in a new era Weaning SAA off the fiscus for its survival is part of the Treasury’s new approach to cutting bailouts and government guarantees to unproductive and lossmaking state-owned...
by Engaged BT | Sep 1, 2021 | Engaged Business Turnaround
Talks look promising for Ster-Kinekor’s business rescue plan, says practitioner Discussions on Ster-Kinekor’s business rescue plan and its longer-term stability are advancing well and significant progress has been made since the end of July when the...
by Engaged BT | Aug 31, 2021 | Engaged Business Turnaround
Grey area? Some clarity on the joinder of creditors If a party wants to litigate against a company in business rescue and the rescue plan has been published but not yet adopted, should the company’s creditors join the court proceedings? Cliffe Dekker Hofmeyr...
by Engaged BT | Aug 30, 2021 | Engaged Business Turnaround
It’s not a black swan, it’s blinkered planning In the space of the past 18 months, two mass-scale events have rocked the country – the arrival of Covid-19 and July’s looting. Many have labelled them “black swan” events because on the surface nobody could...
by Engaged BT | Aug 25, 2021 | Engaged Business Turnaround
Beware the consequences of liquidation In the 22nd edition of its Business Rescue, Restructuring and Insolvency newsletter, Cliffe Dekker Hofmeyr discuss the legal consequences of liquidation are, and the importance of considering these consequences before...
