Tag: business rescue

The draft Bill aimed at shoring up struggling banks violates the 'rule of law' by authorising unequal treatment without identifying objective differences to justify it. In addition, in dispensing with equal treatment merely because someone at the SA Reserve Bank, without objective criteria, determines that such action is necessary.

As State Owned Enterprises (SOEs) continue to struggle under severe financial pressure, perhaps it is time for them to consider business rescue to alleviate continued financial distress and to avoid potential personal liability of directors who continue to run these companies and rely on the inevitable call up of a government guarantee. 

Generally, the South African business rescue process is positive in the sense that a successful business rescue delivers a restructured and viable company back into the South African economy and where jobs are retained in the process.

Restructuring professionals more positive about the economy, but retail, agriculture and construction sectors remain at risk, 2017 Deloitte Restructuring Outlook survey finds.  The fourth annual...

The Companies and Intellectual Property Commission (CIPC) has, on 28 June 2017, accredited the South African Institute of Chartered Accountants (SAICA) as a professional...

Robert Appelbaum and Karl Gribnitz have published the first book in South Africa dealing with the intricacies of Business Rescue and Compromise offers, incorporating...