[LISTEN] How 'business rescue' works to save distressed companies

The Money Show’s Bruce Whitfield speaks to Werksmans Attorneys director Dr Eric Levenstein about his textbook on business rescue, 'South African Business Rescue Procedure'.

JOHANNESBURG - South African companies in severe “financial distress” may file for “business rescue” in terms of Chapter Six of the Companies Act.

Business rescue entails the reorganisation and restructuring of a business in order to return it to profitability.

The Money Show’s Bruce Whitfield speaks to Werksmans Attorneys director Dr Eric Levenstein about his textbook on business rescue, South African Business Rescue Procedure.

For more information listen to the audio above.

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