Wind Up Wind Down

When a company in South Africa reaches the end of its operational life, it may consider ceasing its activities. Companies may either consider deregistration with the CIPC or liquidation via a court order. While both result in the company being removed from the official register, they differ significantly in purpose, procedure, and financial implications. In this article, we understand the difference between company deregistration and company liquidation in South Africa.

The art of closing a business is a profound chapter, one filled with both challenges and opportunities for growth and reflection.

The article deals with SARS debt /penalties during company liquidation, exploring the outcomes in scenarios with and without company assets.

When faced with tough times, it's crucial for business owners to steer their business back on course to revive their struggling venture.

South African companies are in deep trouble as their net profits and dividend payouts declined sharply through 2023.