According to Chapter 6 of
the Companies Act (2008), the process of Business Rescue is aimed to
rehabilitate and rescue a financially distressed company. The Act sets out who
may be appointed as a Business Rescue Practitioner, the qualifications required
and their duties and responsibilities.
The business rescue
practitioner in our team is Danie van Jaarsveld. He is licensed by CIPC as a Senior Business
Rescue Practitioner. He is a member in good standing of a business management
profession and also has a strong financial and business management background.
He is supported by highly
qualified business professionals who have a broad-based experience across a
wide industry spectrum and are able to tailor the most appropriate strategies
with the required sense of urgency. We have a solid track record of helping
companies, who experience financial difficulties, to pursue viable alternatives
to liquidation. In this way jobs are often preserved, and maximum stakeholder
value is rescued.