by dev@dotnews.co.za | Apr 7, 2025 | 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 some...
by dev@dotnews.co.za | Jan 9, 2025 | Business, Business Rescue
“Failure is simply the opportunity to begin again, this time more intelligently.”- (Henry Ford, founder of Ford Motor Company) Data from StatsSA has shown that more than 1,500 businesses closed their doors for good in South Africa last year. This can come as no...
by dev@dotnews.co.za | Jan 9, 2025 | Business, Business Rescue, Company / Corporate / Compliance
The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a 2016 survey showed that more distressed businesses opted for an informal approach and appear to be more successful than...
