Restructuring of companies in financial distress is on the increase globally. In line with the global trend, the Companies Act, No. 71 of 2008 introduced business rescue to the South African business landscape.
South African companies that are financially distressed or that trade in insolvent circumstances in South Africa now have an opportunity to reorganise and restructure.
With our licensed business rescue practitioners we are able to provide assistance to companies looking to enter into voluntary business rescue process as required by the Company’s Act 71 of 2008. Services we offer in this area include: