13 Min.
Business Rescue and Liquidation: What is the Difference? South African Institute of Professional Accountants
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- Management
The lowest period of any business's life is when it is unable to honour its financial obligations, Prior to the Companies Act 2008, this would've lead to immediate liquidation and winding up of the business. However this legislation brought with it a practice of Business Rescue. Mrs. Faith Ngwenya outlines the difference between the two and when each come into effect.
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The lowest period of any business's life is when it is unable to honour its financial obligations, Prior to the Companies Act 2008, this would've lead to immediate liquidation and winding up of the business. However this legislation brought with it a practice of Business Rescue. Mrs. Faith Ngwenya outlines the difference between the two and when each come into effect.
---
This episode is sponsored by
· Anchor: The easiest way to make a podcast. https://anchor.fm/app
Support this podcast: https://anchor.fm/the-south-african-institute-of-professional-accountants/support
13 Min.