by Engaged BT | Aug 23, 2021 | Engaged Business Turnaround
Business rescue basics and deciding if it is viable Business Rescue Basics. No business, whether large or small, is immune to the turbulent economic conditions we find ourselves in. When looking into business rescue, here are some important factors to consider....
by Engaged BT | Aug 18, 2021 | Engaged Business Turnaround
Government plays dice with brittle restaurants The Restaurant Association of SA says of the 23 400 restaurants initially on its database, it now has less than half (9 000) on its books. While not all of these would have collapsed, even if we’re talking...
by Engaged BT | Aug 18, 2021 | Engaged Business Turnaround
Business rescue the solution, not the problem, as more businesses face difficulties Law firm Cliffe Dekker Hofmeyr (CDH) business rescue and insolvency director Lucinde Rhoodie says South Africa can expect an uptick in business rescue filings, as more...
by Engaged BT | Aug 17, 2021 | Engaged Business Turnaround
EXPLAINER What happens to employees during the business rescue? What happens to employees when their employer is placed in business rescue? On the one hand, the good news for labour and for unions is that the appointment of the business rescue practitioners has...
by Engaged BT | Aug 3, 2021 | Engaged Business Turnaround
SA rioting and civil unrest: Economic pain and long-term impacts – Mike Schüssler The civil unrest that tormented KwaZulu-Natal and parts of Gauteng was the worst violence South Africa has seen since Apartheid ended. Damage estimates have been said to be close...
by Engaged BT | Jul 30, 2021 | Engaged Business Turnaround
Conversion of business rescue into liquidation View this Fluxmans sponsored SARIPA panel discussion, focusing on the Diener and the Montic Dairy judgements, and all issues to be taken on board when making a decision to convert a business rescue into...
by Engaged BT | Jul 27, 2021 | Engaged Business Turnaround
Business rescue can help looted and damaged businesses Research published by PwC indicated that national gross domestic product (GDP) growth would decrease by 0.4 percentage points this year due to the significant disruption of the economy, while up to 50,000...
by Engaged BT | Jul 26, 2021 | Engaged Business Turnaround
Business Rescue: Who does it work for? Since the implementation of the Companies Act in 2011, business rescue has proven to be the more popular course of action over liquidation to assist or rehabilitate businesses in financial distress. That said, success is...
by Engaged BT | Jul 23, 2021 | Engaged Business Turnaround
SA needs more business rescue experts as many companies crumble South Africa faces a shortage of business rescue experts as financially distressed companies are on the brink of collapse from the double whammy of Covid-19 exacerbated by the recent looting and...
