SOS for Business Rescue

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.

Last year the success rate for businesses that applied for Business Rescue was only 8%. Initially unfavourable tax demands, stringent legal regulations, unviable business plans and the skills set of the appointed practitioners, all contributed to the low success rate of business rescue attempts.

See full article below.