by Engaged BT | Apr 17, 2021 | Engaged Business Turnaround
SA Post Office’s financial crisis worsens — it’s now technically insolvent The SA Post Office (Sapo) has joined a growing list of state-owned entities that have been declared financially insolvent by the Auditor-General because the company is loss-making,...
by Engaged BT | Apr 14, 2021 | Engaged Business Turnaround
Treasury flogs a dead loan guarantee scheme for another three months With R18.16-billion in loans advanced to small and medium-sized businesses as of 27 March 2021, the scheme has failed to reach its 10% loan disbursement target. The government’s loan guarantee...
by Engaged BT | Apr 12, 2021 | Engaged Business Turnaround
South Africa’s SOE restructuring outlook and lessons learnt for Eskom The government has over recent months become more forceful in its dealings with SOEs, introducing ideas of privatisation or strategic equity partners in cases like South African Airways...
by Engaged BT | Apr 6, 2021 | Engaged Business Turnaround
Aviation industry gradually getting back to the skies South Africa’s troubled aviation industry is gradually getting back to the skies as the Covid-19 turbulence has eased in the country while the vaccination drive is being rolled out. Low-cost...
by Engaged BT | Mar 29, 2021 | Engaged Business Turnaround
Pearls of wisdom from Christo Wiese Losing money – any amount – is something no one wants to go through. When Steinhoff fell from grace, many South Africans lost money. By far the biggest loser in the scandal is Christo Wiese. The former Shoprite chairman lost...
by Engaged BT | Mar 26, 2021 | Engaged Business Turnaround
The Edcon rescue playbook In the past, public sentiment towards business rescue hasn’t been great. Often, it’s been seen as akin to euthanasia of a terminally ill patient in their already dying moments, in which employees and creditors have no option but to...
by Engaged BT | Mar 25, 2021 | Engaged Business Turnaround
DTI Webinar on BRPs Engaged Business Turnaround recently co-presented a webinar on the business rescue with the Department of Trade, Industry and Competition. These DTI research forums are held quarterly to look at what is happening in practice and inform...
by Engaged BT | Mar 16, 2021 | Engaged Business Turnaround
2021 SAICA Business Rescue seminar Watch the on-demand video of Joon Chong, Webber Wentzel partner, as she presents “pitfalls in restructuring debt” at the 2021 SAICA Business Rescue seminar. WATCH NOW
by Engaged BT | Mar 15, 2021 | Engaged Business Turnaround
Tourism industry battling to deal with the effects of COVID-19. Level 1 isn’t going to save the tourism and hospitality industry, business rescue is. Watch this Newzroom Afrika interview on how the tourism industry has been battling to deal with the effects of...
