Inside Your Business - Do South African Businesses Wait Until It’s Too Late To Initiate Business Rescue?
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Guest – Gareth Cremen – Partner in the Business Restructuring, Rescue & Insolvency team at Cox Yeats?
In South Africa, business rescue has often been misunderstood and underutilised. A significant number of companies only consider initiating business rescue proceedings when they are already in dire financial straits — often at the brink of collapse. For many owners and directors, the process is perceived not as a strategic intervention but as a desperate “last card to play” when all else has failed.
In South Africa, business rescue has often been misunderstood and underutilised. A significant number of companies only consider initiating business rescue proceedings when they are already in dire financial straits — often at the brink of collapse. For many owners and directors, the process is perceived not as a strategic intervention but as a desperate “last card to play” when all else has failed.
