Globally, there is a rising number of businesses experiencing financial distress. On a local level, this is no exception, as the South African economy has become […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 process originates from the Companies Act, Act 71 of 2008. It facilitates the rescue of a company considered to be in “financial distress”. […]