Tag: bankruptcy

It is 2005, a time of silent anticipation and hidden possibilities in the rugged Cederberg mountains. Cameron Coal is embroiled in a desperate fight to save his family’s rooibos farm, which is a hair’s breadth from bankruptcy, while wrestling overwhelming grief after his wife’s death and trying to build a relationship with his blind daughter.

In the dynamic world of business, unexpected events can strike at any moment, threatening the stability of even the most well-established enterprises. From property damage caused by natural disasters to lawsuits from disgruntled customers, the need for comprehensive business insurance cannot be overstated.

Lately, I have received several questions from investors about how rich people go about their money. What do they do differently, or have they simply inherited wealth? Our clients include a substantial number of families who have accumulated wealth over many generations, but many are first generation.

Rolling blackouts and the recently imposed 18.65% Eskom tariff hikes from April next month are likely to place additional stress on the South African consumer and businesses to the extent that further bankruptcies are inevitable. With the prospect of higher interest rates, low growth and still high inflation, many companies could face corporate failures particularly in the early part of 2023.

Which are the main factors driving the possibility that a company and its board of directors may be sued by investors or other stakeholder groups in 2023? A poor financial performance or even insolvency amid economic uncertainty and the prospect of a global recession, a lack of robust cyber security and governance processes, or an inadequate or non-compliant response to environmental, social and governance (ESG) issues are among the key risk trends in the Directors and Officers (D&O) insurance space

Organisations need to refocus and prioritise how they operate in today’s digital and modern economy. Delivering a resilient and agile organisation is a business imperative, and there is a greater need to create closer synergies between business and technology.

Life and business are not mutually exclusive. Business can, and must work for you, not the other way around. We have been conditioned to believe that being willing to sacrifice everything is the ‘right thing to do’ and the entrepreneurial way. That is a flawed approach.

With several companies announcing their intention to delist from the JSE in 2020, many South African investors may feel that they have a limited investment universe when considering local stocks. While this may be true, it shouldn’t hinder but reinforce the case for pursuing a local environmental, social and governance (ESG) strategy.

Amid the devastation caused by the COVID-19 pandemic on businesses, and in particular small businesses, bankruptcies have soared. If you were to do an analysis of why many small businesses go under, you are likely to find that a significant number end in financial ruin by making the same or similar mistakes.

The COVID-19 pandemic, much like Black Monday in 1987 and the Global Financial Crisis in 2008, has presented a number of opportunities to buy stocks at seemingly 'bargain' prices. But even if a stock seems like a steal, the infamous case of Hertz demonstrates the perils of investing for 'fear of missing out' or FOMO without first doing your homework.