Beyers Chocolates owed Absa R235m when it collapsed. Court papers reveal how a lost Woolworths contract and a Checkers recall sank the business
When a business rescue starts rescuing the rescuers, you know the system isn’t working in favour of the company and its real creditors
Honesty and fast action on the part of a company’s board would go a long way to making business rescue – if it comes to that – successful
In the decade since business rescue was first introduced, thousands of firms have gone under the knife, hoping to be saved. Too many haven’t.