Kaya 959 Kaya Biz

Legally Speaking: The Abuse Of Business Rescue: Exploitation Of The Chapter 6 Lifeboat

Loading player...
The mechanism of business rescue introduced in the new Companies Act, No 71 of 2008 (the Act) allows some breathing space for companies facing financial distress. The business rescue procedure allows a business rescue practitioner to step in and keep the company operating (in accordance with an adopted business rescue plan), either to return the company to profitability or to ensure a better return for creditors in comparison to what would be received if the company were to be liquidated.
29 Sep 2021 12PM English South Africa Business News · Investing

Other recent episodes

How Universal Vouchers Connect South Africa’s Cash Economy to Digital Services

With over 70% of South African households reporting financial stress and over a third expecting to struggle with monthly bills, financial inclusion must mean more than just access to credit. It requires enabling cash-reliant consumers to participate seamlessly in an increasingly digital economy. On KayaBiz, we sit down with Brett…
3 Nov 12PM 13 min

Why Local Government Failure Costs Ratepayers

As South Africans head to the polls for local government elections, a massive financial time bomb continues to shadow municipalities across the country: overdue municipal debt to Eskom has officially ballooned to R122.5 billion, with over 110 local councils owing more than R1 million each. On KayBiz, energy infrastructure and…
3 Nov 12PM 25 min

Why Dis-Chem Is Investing Through The Downturn

Dis-Chem grew revenue by 8% and continued gaining market share, but earnings came under pressure as the retailer accelerated investment in digital transformation, new stores and its healthcare ecosystem. CEO Rui Morais discusses Better Rewards, expansion plans, changing consumer behaviour and the long-term strategy underpinning the group's investment drive
2 Nov 12PM 11 min
All episodes