COBRA Initiative success story
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- CHALLENGE: The company had unsustainably high overheads and was using proceeds from sales to cover their overheads instead of paying the financed portion to the bank. This resulted in them being unable to acquire new stock.
- APPROACH: The approved rescue plan allowed us to suspend all payments, including interest and capital payments on property mortgages, in order to use the funds to purchase new stock.
- RESULT: The company has managed to generate surplus cash monthly and has generated more than one million rand in their own stock.