TITLE

Search and rescue

AUTHOR(S)
Lund, Troye
PUB. DATE
March 2007
SOURCE
Finweek;3/29/2007, p49
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25027205

 

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