Business rescue practitioners need more time to finalise Evraz plan Business Day | Mark Allix | 6 August 2015 EVRAZ Highveld Steel & Vanadium's business rescue practitioners yesterday requested an extension to the end of this month to finalise their rescue plan after missing a three-month deadline to complete it by the end of last [...]
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Shareholders are advised that despite efforts to complete the Business Rescue Proceedings of the company within three months of the date of commencement thereof, the proceedings have not been concluded and therefore, as required, the Business Rescue Practitioners have prepared a report in terms of Section 132 (3) (a) of the Companies Act 71 of [...]
‘Reasonable’ prospect of Evraz Highveld recovering from business rescue, say practitioners 5 August 2018 | Creamer Media, Engineering News Despite missing an initial three-month deadline to conclude the business rescue proceedings of Evraz Highveld Steel and Vanadium, the South African steelmaker’s appointed business rescue practitioners (BRPs) say there is a “reasonable prospect” that the company [...]
Evraz Highveld Steel: Solidariteit wil lede beskerm Solidariteit | 1 June 2015 Die vakbond Solidariteit het gese hy sal sy lede by Evraz Highveld Steel and Vanadium, wat eersdaags met 'n Sakeredding begin, se belange beskerm. Solidariteit tree namens 350 van die maatskappy se 2 400 werknemers in Emalahleni (Witbank) op Inge Strydom berig. LEES [...]
Business Rescue 21 March 2015 | Daniel Terblanche Investment Opportunities within Business Rescue Considering the doom and gloom of the 2015/2016 budget it is useful to know that there is a new mechanism for entrepreneurs to securely invest their funds with a return that could not be secured through “normal loans”. During the past two [...]
BUSINESS RESCUE: SA companies get lifeline 26 June 2014 | Stafford Thomas A number of factors appear set to boost the industry in South Africa COMPANIES in financial distress were thrown a lifeline in April 2011 with the introduction of business rescue as an alternative to liquidation. "[This option] is now accepted and no longer [...]
Getting rescued or going out of business Cape Times | Daniel Terblanche | 30 April 2014 The Key to getting a business back on its fee is providing the right advice and doing so early. Although business rescue provides companies with a shield of protection through a moratorium on asset repossessions by creditors os the [...]
SOS for Business Rescue Online News | www.bizmag.co.za | 1 February 2014 SA Leader | 1 March 2014 The current economic climate is placing businesses under severe pressure resulting in large numbers going out of business, filing for bankruptcy or turning to Business Rescue as a possible lifeline. During 2012 the success rate for a business [...]
Growth in Mazars’ | Internal Audit division Compass | June 2013 | Issue twenty three Mazars Internal Audit has entered a new growth phase with the commencement of national internal audit services from Mazars’ Johannesburg office. The objective is to grow the internal audit client base substantially during the next year and to differentiate Mazars’ [...]