When a company hits rock bottom, business rescue might seem like a miracle cure. It’s a chance for a troubled business to get back on its feet and pay its…
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Ever wonder how someone gets labelled “insolvent”? In South Africa, the law outlines 8 specific actions that can trigger this status. Think of them as red flags that signal a…
Congratulations! You’ve got a fantastic product or service and are ready to take the plunge into entrepreneurship. But before diving headfirst, a crucial question arises: How much cash do you…
Ever felt frustrated trying to get a response from your bank about a problem? You’re not alone. Many people have experienced the struggle of dealing with unresponsive customer service, especially…
Imagine needing a car or a house, but not having enough saved up. Loans and credit can be lifelines, but sometimes, lenders act irresponsibly. This is called “reckless lending,” and…
Scrolling through social media, you’ve probably seen those posts: “Make R2000 a Day – Ask Me How!” Especially in tough economic times, these promises can be tempting. But before you…
Running a business is exciting, but there are also risks involved. One major concern is “reckless trading,” which can land directors in hot water. Here’s a breakdown of what it…
Businesses go through an ebb and flow of cash flow circumstances. Some months they are liquid enough to satisfy their creditors and during others, they struggle to make all payments…
A partnership is a business relationship which is potentially more binding and sometimes much more all-consuming than that of a marriage. Partnerships may take many different forms, but the underlying…
Voluntary liquidation is a mechanism within South African insolvency law that allows a business that faces financial difficulties to find relief. This is where an application is made to the…
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