Statistics from StatsSA underscore the urgent need for action as they show that the South African business environment is still experiencing significant disruption, with many companies facing financial distress.
I recently had a discussion with Jimmy Moyaha of SAFM about the market’s reaction to Cross Trainer entering business rescue and the current status of the business rescue mechanism in South Africa.
Eric Levenstein is a Director and is the Head of the Insolvency & Business Rescue practice area at Werksmans
