Edcon, SA’s biggest corporate causality of Covid-19-induced rolling economic calamity, may still be saved.
Like other retailers, Edcon was forced to shut its stores after the government suspended all non-essential shopping. But with a weak balance sheet, it felt the most pain, forcing it to file for business rescue two weeks ago and triggering talk that the legal process to reorganise the company was a non-starter.
Yeah. Just like SAA
For the sake of jobs yes, but no Public money should be used to fund further poor management descisions
What could be the impact of 1000s losing jobs to the economy?
They have been saved b4 and will have 2 b saved many more times.Sorry Edcon best 4 u is 2 shut dwn
ایران آخرین اخبار, ایران سرفصلها
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Unions want SAA business rescue team auditedThe business rescue practitioners have allegedly charged exorbitant fees and made questionable commercial decisions, unions say They were silent when it was being looted. BPR are useless followers who there to loot also 🤔 Business rescue never works, how many companies are actually successful coming out on the other side? Business rescue practioners just find ways of looting and stealing what's left.
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
Business as usual a thing of the past as SMME’s battle during lockdownPrivate support funds have been rapidly exhausted while the small business development department says applications in the pipeline amount to over R5bn
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Comair’s business rescue plan expected to land on June 9The embattled airline’s assets exceed its liabilities, and there is a reasonable chance of rescuing it, the group’s business rescue practitioners say
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