ERIC LEVENSTEIN: Beware the walking dead of zombie companies
Directors of zombie companies will have to consider if they should be trading at all
11 February 2021 - 05:00
As SA’s economy remains under great strain, we need to consider the number of financially distressed companies that continue to operate on the cusp of insolvency and potential collapse.
Recently published statistics by Stats SA (December 2020) show that liquidations increased by 20.5 % in the fourth quarter of 2020, against the fourth quarter of 2019...
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