Jan 17, 2017 | Business Act, Business Rescue
A question often raised is what are the costs involved in the event that a company commence with business rescue proceedings. The current basic remuneration of a business rescue practitioner, as contemplated in section143 of the Act is: R1 250 per hour, to a maximum...
Jan 8, 2017 | Business Rescue, Uncategorized
Creditors regularly perceive companies, which commence with business rescue proceedings, do so purely as a delaying tactic and a ploy to postpone the inevitable liquidation of the company. Unfortunately Business Rescue Practitioners do accept their appointment and...
Jan 7, 2017 | Business Rescue, Property
Our business rescue legislation aims to save, wherever possible, any company in financial difficulty from total collapse and liquidation. So for example the BRP (Business Rescue Practitioner) appointed to run the rescue process has the power to suspend any of the...
Jan 7, 2017 | Business Act, Business Rescue, Human Resources
By now most people have heard about Business Rescues, but as an employee of a company are you aware of your rights when the company commence with business rescue proceedings? The focus of this week’s article is the effect of business rescue on employees during...
Jan 7, 2017 | Business Rescue
Bloemfontein – The Supreme Court of Appeal this week found that a racial quota policy implemented for the appointment of liquidators was unlawful and invalid. The SCA ruled on Friday that an appeal against a finding of its unconstitutionality be “dismissed with...
Jul 9, 2016 | Business Rescue
DA says the airliner at the hands of Dudu Myeni has been plagued with financial problems with assessed losses of R18 billion to date DA believes it is imperative that SAA be placed into business rescue 19 July 2016 The DA believes that the Minister of Finance take the...
