In the intricate tapestry of modern business, challenges are inevitable. Economic fluctuations, poor decision-making, or unforeseen circumstances can lead even the most promising enterprises to the

n the intricate world of business, recognizing the signs of distress and acting promptly can be the difference between revival and closure. For struggling companies, the

In the tumultuous landscape of the business world, making critical decisions can be the difference between sinking and sailing through rough waters. When a company faces

In the ever-changing landscape of the business world, companies can sometimes find themselves sailing through stormy seas. Economic downturns, unforeseen crises, or poor management can push

Part Two In our previous post, we discussed some elements of understanding business rescue. We had a look at how it serves as an alternative to liquidation

Part One Business rescue offers businesses a useful alternative to business closure or liquidation. During and after the COVID-19 pandemic, many businesses have fallen into financial

Covid-19 has left the world’s economy in a far worse position than prior to the pandemic. The timing of its arrival in South Africa, and the

The Covid-19 pandemic has had a serious negative impact on the South African economy. Many businesses are struggling to remain profitable as a direct result of

A business rescue plan consists of several sections of relevant information. Here, we will outline the 3 main sections of the plan, and who the information

It’s a difficult fact to face that we are in very difficult economic times. Many companies are having to come to terms with making challenging business

It is an unfortunate reality that in today’s economic climate, more and more companies are in financial distress. There is a global increase in companies having

A business rescue plan consists of several sections of relevant information. Here, we will outline the 3 main sections of the plan, and who the information

Business Rescue serves different purposes for a company. Below is an explanation of the business rescue proceedings. This will begin with the company’s recognition of its

The business rescue process originates from the Companies Act, Act 71 of 2008. It facilitates the rescue of a company considered to be in “financial distress”.

When it comes to starting the business rescue process, there are several ways to do it. The business rescue procedure first involves a company resolution to

The business rescue plan is the plan enacted during the business rescue procedure. If approved, the business rescue practitioner implements it. The plan details how the

In understanding business rescue, it’s important to understand liquidation and the liquidation process. These two procedures interact in many ways. Indeed, they share differences, similarities, and

Welcome to Corporate Business Rescue. As an organisations, we specialise in providing business rescue services. Our aim is to provide companies in financial distress with an

Business Rescue was discussed in various lights. We explained its benefits, functions, and impact in relation to the business assistance services they offer. Additionally, their policies and

The Benefits of Business Rescue for Companies Often a company will struggle to maintain adequate cash flow for operations. There are alternative options available to the