Business rescue in South Africa has evolved from a “last resort before liquidation” into a vital mechanism for companies facing financial distress. In this interview, Gareth Cremen, Partner at Cox Yeats Attorneys, shares practical insights on:
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How the Companies Act reshaped the landscape
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Lessons from high-profile cases such as Edcon, Comair, and Mango Airlines
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Red flags that signal when boards should act
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The role of business rescue practitioners
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Why legal reform may be needed
Listen and learn how business rescue can provide a lifeline when timing and strategy align: https://youtu.be/OPo7RLcWSEE