Ever wonder how someone gets labelled “insolvent”? In South Africa, the law outlines 8 specific actions that can trigger this status. Think of them as red flags that signal a…
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Think of voluntary liquidation as a way for a business in South Africa that’s really struggling financially to get a break. Basically, if a company can’t pay its bills to…
Imagine your business is like a river. Sometimes the water flows smoothly (good cash flow), and you can easily pay your bills. Other times, the water level drops (low cash…
The South African economy is hitting businesses hard, and many are struggling. If a business faces serious financial trouble, South African law offers a process called “business rescue.” Think of…
South Africa is rich in natural resources, which means there are a lot of jobs out there. But, like anything else, jobs can be complicated. Businesses change hands, sometimes they…
A partnership is a business relationship which is potentially more binding and sometimes much more all-consuming than that of a marriage. Partnerships may take many different forms, but the underlying…
When one listens to the news, and companies are mentioned, terms such as directors and shareholders are often mentioned. These terms appear to be used interchangeably, however, they are two…
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