How Business Rescue affects employer and employee

Business rescue has gained momentum as an alternative to liquidation since its introduction in 2011 through section 6 of The Companies Act. A principal difference between the two is that, while under the supervision of the business rescue practitioner, the company continues to trade, so that employees don’t automatically loss their jobs as they would…

Landlords Need to Prepare for Business Rescue

“Landlords should make certain that they are prepared for and consider the consequences of a business rescue before being advised that their tenant has entered the process”. That’s according to Justin Gordon, business rescue practitioner at Hobbs Sinclair. Business rescue was introduced as an alternative to liquidation via Section 6 of The Companies Act in…

Disrupting the accounting firm stereotype

Nobody likes to be pigeonholed, categorised, and over-simplified, not even accountants. We are all familiar with the ‘accountant’ generalisation: grey men in grey suits crunching numbers. Sadly, the practice of accounting has not always been given its fair due, but fortunately, thanks to a few disruptors in this industry, things are shaking up. Neill Hobbs…

Effective Working Capital Management Can Save Your Company

Most financially distressed companies all have the same thing in common; poor working capital controls and employ a reactive working capital management strategy rather than a proactive approach. Improving the companies working capital through a proactive strategy can be a quick way to get your head above water without increasing sales or cutting cost. For…