In the past, public sentiment towards business rescue hasn’t been great. Often, it’s been seen as akin to euthanasia of a terminally ill patient in their already dying moments, in which employees and creditors have no option but to accept their apocalyptic fate.

It was into this rather pessimistic context, during a once-in-a-lifetime pandemic, that Edcon was placed in business rescue on April 29 last year...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now