Business rescue success hampered by ostrich syndrome and some ‘rogue operators’

SAA’s rescue is now being finalised but it took almost 8 months and billions of rand. This has put the spotlight on whether business rescue is indeed a viable option in SA – experts say ‘yes’, bar some obstacles.

Read the full story here: https://www.news24.com/fin24/Economy/business-rescue-success-hampered-by-ostrich-syndrome-and-some-rogue-operators-20200802?isapp=true 

Business rescue success hampered by ostrich syndrome and some 'rogue operators'

The business rescue process of South African Airways, which, after almost eight months and billions of rand, is still not complete, has put the spotlight on whether business rescue is indeed a viable option provided by the Companies Act.