Search and rescue

Lund, Troye
March 2007
Finweek;3/29/2007, p49
The article reports on the introduction of the Companies Bill in the South Africa National Economic Development and Labour Council to bring down the high business failure rate in the country. The bill emphasizes the involvement of shareholders and employees in devising the rescue plan by converting debt to equity, and selling certain company assets. However, some groups opposed the bill, by pointing that a culture of rescuing insolvent companies could overprotect below par companies.


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