ERIC LEVENSTEIN | Business rescue comes of age as major restructurings preserve jobs and creditor value

South Africa is losing companies at an alarming rate. Stats SA reports that 225 companies were placed into liquidation in May. So far this year, 1,116 companies have entered liquidation. Behind each failure lies more than the loss of a business: jobs disappear, creditors suffer losses, and productive economic capacity is permanently destroyed. While liquidation…

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