In the matter adjudicated by the Western Cape High Court in Cape Town, South Africa, presided over by Gangen, AJ, the court grappled with a significant case concerning the financial distress and prospective business rescue […]
As a result of the decision from the Supreme Court of Appeal (SCA) in the case of Tayob and Another v Shiva Uranium (Pty) Ltd and Others [2020] ZASCA there have been, and will continue […]
Several articles on Turnaround Talk point out that, while there are many root causes of financial distress, mismanagement is most often the chief contributor. These articles are also written from the perspective of the trust […]
The original article can be found here. Selected subheadings were inserted by Turnaround Talk. Former Eskom chief operations officer Jan Oberholzer believes renewables will play a significant role in South Africa’s future energy production – […]
When the 2008 Global Financial Crisis hit the world, there was plenty of speculation that we were entering an era where the business environment was redefined. Economic recessions are cyclical. However, economies must position themselves […]
Over the past two years, there have been increased calls for an improved legislative framework that would address some of the grey areas that still exist within the business rescue profession. In an effort to […]
With the passing of one of our great business icons this week and the continuing clamour for corporate accountability, I thought that I should focus on the CEO’s role in Leadership. Raymond Akerman cast a […]
Currently, income arising in a South African trust that is distributed to a beneficiary within the same tax year is treated as the income of the beneficiary, irrespective of their tax residence. Effectively, the trust […]
Many financially distressed companies face the following situation: they know a significant need for innovation exists within their business. However, they are so caught up in the survival game (living day by day/week by week/month […]
The original article can be found here. Shoprite’s capital expenditure could be as much as R8.5 billion in its 2024 financial year, a quarter higher than in 2023, as it invests in store and supply […]
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