Out of the Covid-19 crisis we might see opportunities for savvy investment
If management is brave enough to understand the upside of going through a restructure, we might begin to see a more stable SA economy
Recently published statistics by the Companies and Intellectual Property Commission (CIPC) reflect 157 new filings for business rescue in the period April to August. These have affected the public sector (four), the private sector (122) and close corporations (31). The busiest regions for filings have been Gauteng (44%), Western Cape (13%), Eastern Cape (4%) and KwaZulu-Natal (9%).
According to the CIPC, the industry sectors that have been hardest hit are manufacturing (21), wholesale and retail (18), accommodation and food services (18), arts, entertainment and recreation (13), real estate (12), agriculture, forestry and fishing (11), transportation and storage (nine), construction (five), financial and insurance activities (five) and mining (three)...
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