Business Rescue, Insolvency / Liquidation
Due to the recession, there are a rising number of local companies in financial distress and facing threats or applications from creditors to liquidate their businesses. The latest Statistics South Africa (StatsSA) figures released in November show that the total...
Business, Business Rescue, Insolvency / Liquidation
“Turnarounds seldom turn” (Warren Buffett) In the life cycle of any business, it will almost inevitably experience a crisis. This is always a very difficult time and it will be a test of judgment and experience how senior management respond. Usually, it will be...
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