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South Africa needs to re-examine its understanding of restructuring to shift the focus of business rescue efforts there as the default intervention for strained organisations, rather than on liquidation.
While the US reported 655 mega-insolvencies by October 2025, the highest level in 15 years, one of South Africa’s greatest challenges with the solvency of companies is the inclination to liquidate rather than restructure, says Michael Dorn, CEO of RT Group.
“South Africa has a slightly different issue. If you embrace the chief risk officer [CRO] concept, you are embracing an entrepreneurial approach to restructuring. That requires a very specific skill set. A CRO should be a strong…