Wind Up Wind Down

In the unpredictable landscape of business, facing liquidation can be a significant setback, but it doesn't have to be the end of the road. Many successful entrepreneurs and companies have faced this daunting challenge and managed to rise from the ashes, stronger and more resilient than before. So, how can you recover from liquidation and restart your business?

Signs your business is in Financial Trouble and how to correct course to prevent the need for Business Rescue or Voluntary Liquidation.

In the realm of business, challenges and setbacks are not uncommon, and one such hurdle that small businesses may face is insolvency.

In the realm of financial matters, insolvency law trends play a paramount role in shaping the landscape for businesses and individuals alike

Michael Georgiou, a non-executive director at JSE-listed Accelerate Property Fund, was forced into a share sale earlier this month which saw 107 million shares in the group disposed of. The shares were effectively seized by Investec, which the fund says exercised “its security rights in terms of an existing lending agreement”.

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

Comair no longer has access to capital to fund its operational costs and will be placed under Provisional Liquidation.

Although Comair’s British Airways and Kulula.com were viable businesses they were unable to get capital to resume operations.

Is it possible for creditors to apply for the winding up of a South African branch of a foreign company?