Business rescue: The good, the bad and the ugly

Business rescue is a thriving cottage industry in South Africa’s peculiar insolvency ecosystem. It is often mentioned but little understood — just like the largely opaque role of the business rescue practitioners (BRPs). For some, a BRP is an architect of comebacks. For others, the BRP is an overcompensated empty suit with a licence to…

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Buyers circle CX Lavender as creditors meet

Creditors of experience agency CX Lavender, established almost three decades ago by Will Lavender, will be told today the company’s administrators are in the middle of negotiating a sale of the business. Vaughan Strawbridge and Matthew O’Keefe of FTI Consulting were appointed voluntary administrators in late March. Their latest investigations are to be presented to a…

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