Rebosis Property Fund tumbled into business rescue in August, heralding a new and uncertain era for what was once a promising black-owned real estate firm.
The process, known in commercial law parlance as business rescue, allows turnaround specialists to temporarily delay creditor claims from a company while it works out a plan to revive itself. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
𝐈’𝐦 𝐩𝐫𝐨𝐮𝐝 𝐭𝐨 𝐬𝐚𝐲 𝐚𝐦 𝐚𝐦𝐨𝐧𝐠 𝐭𝐡𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐭𝐫𝐚𝐝𝐢𝐧𝐠, 𝐈 𝐣𝐮𝐬𝐭 𝐠𝐨𝐭 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 profit 𝐟𝐫𝐨𝐦 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 $500 𝐚𝐥𝐥 𝐭𝐡𝐚𝐧𝐤𝐬 𝐭𝐨 Thomas__Lawson