An Interview with Sandra Beswick SANDRA: Hi, my name is Sandra and I am a recovering banker. INTERVIEWER: That’s an unusual way to introduce yourself! SANDRA: Yes. It’s my favourite…
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Recent Statistics published by Finweek 21st May 2014 What kind of companies generally end up in a Business Rescue Operation? At the top of the list are Private Companies (Pty),…
Primary Cause and Reason Companies Face Financial Distress The main factor behind a business facing financial distress is Management. This is true of nearly all the business rescue operations we…
Warning signs of a business facing financial distress Surprisingly, company decision makers and leadership don’t always have a true or realistic sense of the how the business is performing. This…
Definitions of Chapter 6 of the Companies’ Act 2008 Business Rescue Business Rescue means the plans and steps taken to rescue and rehabilitate a company that is financially distressed by:…
Business Rescue is not for Sissies Chapter 6 (Business Rescue) of the New Companies Act of 2008 which became effective on 1 May 2011 is the rehabilitation of a financially…
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