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 continues to dominate the headlines, two of South Africa’s largest corporate restructurings recently reached significant milestones that tell a more positive story.
Murray & Roberts completed the implementation of its R1.27bn restructuring transaction, preserving about 2,600 jobs, while Group Five concluded one of the country’s most complex business rescue processes with all…