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Filter: Business Rescue
The final say on business interruption insurance and Covid-19

16 March 2021

I’ve been following the media reports relating to the Café Chameleon case and their claim that their business interruption insurance... covers losses suffered due to Covid-19. The last I heard was that this case was being appealed by the insurer. I have a similar argument going with my insurers, and would like to know whether there is any finality yet on the matter.

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How can a business rescue plan help my business in tough times?

17 August 2020

How can a business rescue plan help my business in tough My business has been struggling since the start of... the Covid-19 pandemic and the national lockdown. I’ve been advised to consider business rescue but I am unsure about how I will get a business plan in place and what this will entail. Can you give some guidance here?times?

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458
Article
The importance of BEE compliance in accessing Covid-19 relief funding

17 August 2020

I am a restaurant owner and my business has been adversely affected by the Covid-19 pandemic. I want to apply... for relief funding, but I heard that my business needs to be B-BBEE compliant in order to qualify for such. How important is B-BBEE compliance in accessing relief assistance for my business?

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431
Article
Can a close corporation go under business rescue?

10 June 2020

I have a construction business that is operated in a close corporation. As we have not had much work during... the last few months, my business has come under severe financial pressure. I still believe in the business and know things will pick up again, but right now we just don’t have the cashflow to pay our creditors. I’m considering business rescue but am unsure whether that option is available seeing as my business is a close corporation?

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458
Article
My company is going under - what is my personal exposure?

08 August 2018

My wife and I are the sole shareholders and directors of our family company. We’ve had a few good years,... but with the current economic times, despite our best efforts to keep the company afloat, it doesn’t look like the company is going to make it. For the first time this reality has hit us and we are both worried that the company’s creditors will come after us and take our home and savings. Can they do this?

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496
Article
Liquidation or business rescue - what is the difference?

09 August 2017

My family company has been operating successfully for nearly 20 years. Over time I’ve also managed to get a few... investors into the business. The last year however has been tough and we are struggling to make ends meet. I feel its decision time about the future of the business, but was wondering whether liquidation is the best route or must I rather look at business rescue? What is the difference between these two options?

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