Podcasts about business rescue

Nexus Property Group co-founder Elias Tzouvanni – whose company has been appointed to handle the sale of the properties through private tender – shares insights on the portfolio of largely regenerated properties in Cape Town and Durban being sold. Podcast series on Moneyweb

Al Mabroor Investments (PTY) Ltd, a major player in agricultural and diversified investment projects, is facing financial distress. Many investors are frustrated by delayed payouts and declining profits. Amid mounting concerns, the company has now been placed under business rescue, raising fresh questions about its future. Amid growing concerns over Al Mabroor Investments' financial difficulties, non-executive director Yaseen Badat joined Mawlana Sulaiman Ravat on Sabahul Muslim to address investor concerns, the business rescue process, and the company's future.

Stephen Grootes speaks to Dr Eric Leventein, Head of Insolvency and Business Rescue at Werksmans Attorneys, about the dangers of delaying business rescue for struggling companies and their directors.See omnystudio.com/listener for privacy information.

Dr Eric Levenstein – Head: Insolvency and Business Rescue, Werksmans Attorneys SAfm Market Update - Podcasts and live stream

Stephen Grootes speaks to Duncan McLeod, TechCentral's Founder and Editor, about South Africa's Minister of Trade, Industry and Competition, Parks Tau, appealing the Competition Tribunal's decision to block Vodacom's R13.2-billion deal to acquire a stake in Remgro's fibre businesses.    In other interviews on the Money Show, Ntlhane Makena, head of the Insolvency, Restructuring and Business Rescue practice at ENS talks about the surprising spike in company liquidations in October, following a notable decline in the first nine months of 2024.See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Ntlhane Makena, head of the Insolvency, Restructuring and Business Rescue practice at ENS, about the surprising spike in company liquidations in October, following a notable decline in the first nine months of 2024.See omnystudio.com/listener for privacy information.

Dr Eric Levenstein – Head: Business Rescue, Werksmans Attorneys SAfm Market Update - Podcasts and live stream

Stephen Grootes speaks with Anoosh Rooplal, Joint Business Rescue Practitioner at the SA Post Office, to gain insight into the latest developments and updates on the organisation's business rescue process.See omnystudio.com/listener for privacy information.

Dr Eric Levenstein – Head: Business Rescue, Werksmans Attorneys SAfm Market Update - Podcasts and live stream

This evening on the money show, Amabhugane Investigator Sam Sole talks about the challenges the Tongaat sector is facing & Lumkile Mondi, a senior lecturer at Wits Business School, explains why state-owned utility Eskom was hit with a suspended R3 million punishment and public censure by the Johannesburg Stock Exchange for not adhering to its debt listing requirements. And more…See omnystudio.com/listener for privacy information.

Sam Sole, Investigator with Amabhugane, discusses the difficulties the Tongaat industry is facing with Motheo Khaoripe. See omnystudio.com/listener for privacy information.

Noluthando Mthonti-Mlambo speaks to Jo Mitchell-Marais, Restructuring and Turnaround Leader at Deloitte AfricaSee omnystudio.com/listener for privacy information.

The biggest privately held retailer of car parts in South Africa, AutoZone, has announced that it has entered business rescue because it has been unable to manage its debt load in an increasingly difficult economic environment. Motheo is hosted by Anton Resse, the strategic head of SME support at Fetola. See omnystudio.com/listener for privacy information.

Mark Sardi, the CEO of Ster-Kinekor, and host Bruce Whitfield engage in a conversation regarding Ster-Kinekor's business rescue proceedings, workforce reductions, and financial difficulties in the realm of movies and entertainment. See omnystudio.com/listener for privacy information.

Belinda Scriba, director of dispute resolution at Cliffe Dekker Hofmeyr, warns against premature exits from business rescue as South Africa's leading cinema brand faces renewed financial woes. Despite emerging from rescue two years ago, layoffs and closures now threaten its survival. Scriba emphasises the need for strategic cost reviews and engagement with the process for lasting solutions.See omnystudio.com/listener for privacy information.

Noluthando Mthonti-Mlambo speaks to the Director for Dispute Resolution, Cliffe Dekker Hofmeyr about business rescue as a way of combating the extreme rise in liquidations in SA.   See omnystudio.com/listener for privacy information.

In 2023, despite tough markets, the Johannesburg Stock Exchange (JSE) showed strong revenue growth, with HEPS up 12.2% and NPAT up 11%. This reflects JSE's resilience and adaptability, achieving a 19.4% return on equity. CEO Leila Fourie credits this success to diversifying revenue streams and staying competitive in uncertain times. And Chris Vorster, CEO at Stadio  on A+ growth spurt amid economic hurdles.     The author, a dynamic individual named Alex, founded DigsConnect International at the age of 25, making her South Africa's youngest startup tech prodigy. Inspired by student protests in 2016, she created a platform addressing the student housing crisis, which quickly gained traction. DigsConnect raised R12 million in its initial seed fundraising round in 2019, propelling it from a local startup to a global player in the tech landscape. She chats to Bruce Whitfield about the book.   Andre Vlok, a specialist in conflict and employment dispute resolution, negotiator, mediator, and author is our guest in How I Make Money. Initially trained as an attorney, Vlok practised in commercial litigation with a focus on employment disputes starting in 1990. After years of working as an employee, he ventured into establishing his own practice. Transitioning from running his own practice, he chose to leverage his legal expertise differently. In 2017, he launched three specialist consultancies dedicated to mediation and conflict resolution, addressing workplace disputes, and conducting commercial negotiations at an advanced corporate level. Vlok shares the journey of his career development and discusses the specifics of his current roleSee omnystudio.com/listener for privacy information.

Dr. Eric Levenstein of Werksmans Attorneys warns of a surge in South African business closures, citing a 34.6% increase in liquidations in January 2024. Manufacturing and mining sectors are notably distressed, with challenges like skilled labor shortages and energy deficits exacerbating the situation.See omnystudio.com/listener for privacy information.

Guest:  Guy Lietch – Editor of SA Flyer MagazineSee omnystudio.com/listener for privacy information.

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Guest: Rob Rose | Editor at Financial Mail and author of the grand scam.See omnystudio.com/listener for privacy information.

The board of Rea Vaya bus operator Piotrans, has been dissolved after the operator was placed under business rescue.  Business rescue practitioner, Mahier Tayob, told Update at Noon yesterday that anyone found to have broken the law at Rea Vaya will be held accountable. The company is facing financial difficulties due to fraud, maladministration, mismanagement of assets, poor governance, lack of expertise, and disagreements between shareholders, including taxi owners. Elvis Presslin spoke to City of Johannesburg Transport MMC, Kenny Kunene. 

Johannesburg's Rea Vaya bus operator has been placed under business rescue. This comes after a creditor tried to seize its buses. Piotrans has been marred by problems, preventing the company from running optimally. Commutters have been complaining about unreliable service each month. For an update about the state of affairs at Piotrans, Elvis Presslin spoke to Senior Business rescue practitioner and specialist forensic Auditor Mahier Tayab. 

Lester Kiewit speaks to Zwelinzima Vavi, the general secretary of Saftu, about their fear that the new post office business rescue plan will see 6000 workers lose their jobs.See omnystudio.com/listener for privacy information.

Dave Woollam – Independent analyst SAfm Market Update - Podcasts and live stream

Should Transnet be placed under business rescue? Well NT55 Investments, operator of the Port of Gauteng seems to think so. This as the state-owned logistics company struggles with backlog issues with more than 70 000 containers anchored at the Port of Durban. Transnet says the congestion may be cleared by the end of February next year. For more on this Elvis Presslin spoke to Sibusiso Nduna, a Business Rescue Practitioner

There's no denying: the South African economy is on shaky ground. As a result, many business across the country are struggling to keep head above water, leaving many owners dent-ridden and facing impending collapse. But business rescue could be a life-saver, especially if you act early. Masa Kekana speaks to business rescue practitioners about the pros and cons of the process and why it's not necessarily the end of the road for some.

Sikonathi Mantshantsha joins John to discuss the South African government's undertaking to spend billions more to restore the functionality of the SA Post Office.See omnystudio.com/listener for privacy information.

Adv. Christa Klokow – Senior Manager: Companies, Close Corporations, CIPC SAfm Market Update - Podcasts and live stream

The South African Post Office has been placed in business rescue by the North Gauteng High Court. This is after it was placed in provisional liquidation in February  due to its failure to pay rent and other liabilities.  Meanwhile, the Acting Minister of Communications and Digital Technologies, Enoch Godongwana has welcomed the decision of the North Gauteng High Court  and says this decision will give SAPO the much needed time and space to restructure its affairs. SAPO business rescue starts immediately. Sakina Kamwendo spoke to Tiaan Herbst from the Southern African Advisory Company

Katherine Child joins Pippa to discuss the South African Post office as it begins to implement business rescue in order to avoid liquidation.See omnystudio.com/listener for privacy information.

The Post Office has entered business rescue, resulting in substantial financial losses of around R4bn and the potential loss of 7,000 jobs within its subsidiary, Postbank. Adding to the bleak situation, the group's deposits, totalling just over R8bn, lacks legal protection. Moreover, doubts persist regarding Postbank's eligibility as a fully-fledged state-owned bank. Business Day TV spoke to Business Writer, Katherine Child for more insight.

The Post Office has been placed under business rescue despite provisional liquidators for the entity pointing out that it may not be the best option to save the group. A High Court Judge also highlighted that liquidating the SOE may have far reaching consequences for the entire economy. Business Day TV assessed the options in greater detail with Gareth Cremen, Partner in Business Restructuring, Rescue and Insolvency at Cox Yeats.

Jo Mitchell-Marais – Africa Turnaround & Restructuring leader, Deloitte SAfm Market Update - Podcasts and live stream

The North Gauteng High Court in Pretoria has granted the government's application to place the South African Post Office (Sapo) in business rescue, putting a halt to ongoing liquidation proceedings and paving the way for a R2.4-billion taxpayer bailout. Sapo was placed in provisional liquidation in February due to its failure to pay rent and other liabilities, but its provisional liquidators did not oppose the application. The judgment, delivered by Judge Elmarie van der Schyff following an urgent hearing in Pretoria, confirmed the appointment of Anoosh Rooplal and Juanito Martins Damons as joint interim rescue practitioners. Roolpal has been overseeing the liquidation of VBS Mutual Bank since 2018 and will now also help guide the process of looking to prevent Sapo from being wound up and its assets sold off. The appointment of the business rescue practitioners must be ratified by a meeting of the majority of Sapo's creditors. Judge Van Der Schyff said placing the state-owned utility in business rescue would allow the government to inject the much-needed R2.4-billion in funding it has committed to providing. "It is gleaned from the minister's papers, and no objective reason exists to doubt the correctness of the evidence provided under oath, that Cabinet has not only pledged to provide Sapo with the initially earmarked R2.4-billion, but also indicated its intention to support Sapo's application for an additional R3.8-billion in the October budget," she wrote in the judgment. In addition to the already announced cash bailout, "there is a further possibility of continued government funding to see Sapo through the business rescue process," the state's application reads. The Sapo's provision liquidation came after a case brought by property company Withinshaw. It also owes hundreds of millions of rands in unpaid salaries to its staff, retirement and medical funds, the SA Revenue Service, landlords, and other suppliers. Turnaround hopes Mondli Gungubele, the communications minister, is pinning his hopes that the business rescue process - which offers temporary protection against creditors - will save as many jobs as possible. "The purpose of this application is to avoid the destruction of the Sapo by placing it under business rescue," said Gungubele in the court application. "This will give Sapo the space and time it needs to restructure its affairs and implement a turnaround plan under the supervision and direction of the business rescue practitioner. There is a reasonable prospect of Sapo being rescued." Sapo has been making annual losses of more than R2-billion the past three years. Of its 1 266 branches, fewer than a quarter were profitable, its 2022 annual report reads. To return Sapo into an operational state and solvency, the minister's plan approved by Cabinet and filed as part of the court application, seeks to reduce about R1.33-billion in employee costs. This would cut 7 000 jobs in Sapo, leaving just under 5 000 employed by the postal services company. Sapo's current workforce is just under 12 000 employees. "The harsh reality is that the facts point to it that Sapo's workforce needs to be extensively curtailed for Sapo to survive, but business rescue proceedings are prone to have a less severe impact on the workforce than final liquidation," wrote Judge Van Der Schyff. This remedy will be robustly opposed by the trade unions that represent employees at Sapo. The Democratic Postal and Communications Union (Depacu), which was represented in the court proceedings, said it would resist any attempt to cut jobs at the utility. The union's secretary general, Livy Zwane, said Depacu is the majority union representing about 63% of the Sapo employees. The funding committed by the government could be increased as the government has already indicated its support for increased funding should the entity be placed in business rescue, said Gungubele in the court application. No state funding, however, would be available should Sapo...

The provisional liquidators overseeing the SA Post Office (Sapo) have come out against a plan put forward by the Department of Communications and Digital Technologies (DCDT) to place the struggling entity in business rescue. Just days before a court is set to hear the department's application, provisional liquidators Anton Shaban and Gerry Musi have said they fear business rescue is "not an option" and will not work. The post office was placed into provisional liquidation in March as it could not pay its debts. In a statement on Friday, Shaban and Musi said that for business rescue to work, Sapo would need billions of rands in extra funding and a complete overhaul of its business operations. Parliament still needs to pass the Post Office Amendment Bill, they stated. Instead of business rescue, the Shaban and Musi have put forward a compromise agreement under section 155 of the Companies Act. This is the same section of the act used by retailer Steinhoff in its R25-billion settlement agreement with creditors and shareholders. This section of the act allows a company to put forward a compromise agreement to creditors to bypass being liquidated or placed into business rescue. Let's compromise Shaban said a compromise agreement was the best route to restore the Post Office to solvency. He said it could be done more quickly and at a lower cost than business rescue, without revealing any figures. The DCDT, meanwhile, is hoping to convince the North Gauteng High Court in Pretoria that the Sapo is a candidate for business rescue when the matter is heard on Tuesday. The department has nominated Anoosh Rooplal, the chartered accountant who has overseen the liquidation of VBS Bank for the past four-and-a-half years, as the Post Office's business rescue practitioner. "We are crossing our fingers that the court responds to our prayer favourably," DCDT Minister Mondli Gungubele told a Parliamentary briefing earlier this month. If the court declines to place the debt-laden State-owned entity into business rescue and the section 155 settlement proposal does not pan out, the Sapo will face a final liquidation hearing later this year.

‘The intention of the business rescue process is to see that we can rectify the loan-to-values as far as possible. It's very important to sell properties at the best value possible, to reduce (the group's) debt levels,' says Jacques du Toit, one of the joint business-rescue practitioners of Rebosis Property Fund. Podcast series on Moneyweb

Motheo Matsau – Deputy CEO, Ster-Kinekor

Guest: Chris  Christodoulou  | Aviation & commerce director at Christodoulou & Mavrikis Inc See omnystudio.com/listener for privacy information.

Guest: Dr Eric Levenstein | Director at Werksmans Attorneys See omnystudio.com/listener for privacy information.

In this episode, Darren Reinke chats with business author Mike Michalowitz. Mike discusses his entrepreneurial, how he went bankrupt after starting and selling multiple successful companies, how he found his calling of eradicating entrepreneurial poverty, and why psychological ownership is the key to getting the most out of your people.Mike is the author of seven business books published by Penguin Random House, including Get Different, Profit First and Clockwork, and is the former host of the "Business Rescue" segment for MSNBC's Your Business.Show Notes:Finding your greater why [1:26]How Mike's greater why became eradicating entrepreneurial poverty [3:14]How Mike goes about living out his calling [5:33]How Mike infuses his purpose within the executives and leaders he helps [7:47]The key component most companies miss that costs them high levels of employee engagement [12:26]Why psychological ownership is the most important determinant of an individual's success within their role [15:18]Techniques to improve psychological ownership within your organization [18:58]Mike's new book and why he wrote it [21:28]Links:Clockwork.lifemikemotorbike.com

Do you feel overwhelmed? Are you working so hard you are missing out on life and opportunities? Are you experiencing financial struggle? Do you feel isolated? Are you frustrated that you can't fix your business? Have you fallen short of the expectations you set for yourself? It's hard to grow a business when the economy is working against you. Mike Michalowicz is one of the most prolific writers for struggling entrepreneurs who need to regain their sense of agency. He is the author of seven business books published by Penguin Random House, including Get Different, Profit First, and Clockwork, and the Pumpkin Plan and is the former host of the "Business Rescue" segment for MSNBC's Your Business. He was previously the small business columnist for The Wall Street Journal and hosted the reality television program called Bailout! At the Optimistic American we are committed to helping Americans rebuild their sense of agency, and no group is more important than small business entrepreneurs. If you are a small business entrepreneur and need help on leadership, management, and marketing, If you need to rebuild your business agency, your faith in yourself, don't miss this episode.   Make sure to follow us for more content and to leave us a review! Let us know what you think!

Roxanne Webster - Director in the Business Rescue, Restructuring & Insolvency sector at CDH  See omnystudio.com/listener for privacy information.

Guest: Chris Christodoulou | Managing partner at Christodoulou & Mavrikis attorney   See omnystudio.com/listener for privacy information.

Karabo Mokgonyana is a final year Candidate Legal Practitioner and holds a BCom(Law) and LLB from the University of Witwatersrand. She is currently completing a Masters in International Law at the same institution. Besides her legal career, Karabo is an award winning youth and gender activist who has worked with organisations like UN Agencies (UNICEF, UNFPA, UNDP, etc.), the Commonwealth and the African Union in human rights protection work. —————————————————- On our young professional/student feature today we are joined by Mbalenhle is an LLB graduate who obtained her qualification from the University of Free State. She is currently doing her second year of articles as a Candidate Legal Practitioner at a Corporate Law firm in Durban. Her main practise areas are Insolvency, Recoveries and Business Rescue. When she is not practicing law, Mbali is a wife and a mother who is passionate about cooking. ___________________________________________ If you want to be featured on our next episode as a student or young professional, please email your headshot and bio to advice@sisterinlaw.co.za (Please note that this feature is not the same as being interviewed as a guest. This is to enable you to ask the guest questions as a student or young professional). ______________________________________ Visit our website on: www.sisterinlaw.co.za and follow us on Instagram and Twitter @sister_in_law_ --- Send in a voice message: https://anchor.fm/tebello-motshwane/message --- --- Send in a voice message: https://anchor.fm/tebello-motshwane/message

Michael Michalowicz is an American author, entrepreneur, and lecturer. He is currently an author of seven business books published by Penguin Random House, including Get Different, Profit First and Clockwork, and is the former host of the "Business Rescue" segment for MSNBC's Your Business.

Mike Michalowicz is an American author, entrepreneur, and lecturer. He is currently an author of seven business books published by Penguin Random House, including ‘Profit First' and ‘Clockwork', and is the former host of the "Business Rescue" segment for MSNBC's Your Business. It's an honor and a privilege to have Mike on the show as we get to explore how to truly succeed through marketing your business.We explore how to be in control of your leads, Mike's ‘DAD' methodology, being different ‘enough', plain text emails – and fun houses.Talking Points What inspired Mike to write ‘Get Different' The attitude of experimenting vs planning How to specify your audience Being ‘different enough' Seeking inspiration from other industries Learn how to instantly analyze your marketing campaigns  Quote"The creation of new is an improvement of old."Helpful Links GoGetDifferent.com ‘Clockwork' by Mike Michalowicz Clickup Want to discover some of the books mentioned on the podcast? Check out Scribd, my reading app of choice.If you enjoyed the episode, please leave a rating and/or review wherever you listened to the episode. Also don't forget to check out all of our podcast sponsors found on our podcast sponsors page.If you enjoyed the episode, please leave a rating and/or review wherever you listened to the episode. And if you want to have easy access to the archives of the show and ensure you don't miss the new episodes to come then subscribe to the podcast in the app you're using – or you can do so on a variety of podcast platforms by clicking here.Learn more about your ad choices. Visit megaphone.fm/adchoices

Profitability is very important.  And that's what you'll about today as Jayson and Richard chat with author, entrepreneur, and lecturer, Mike Michalowicz.  Mike has authored seven business books including his latest, Fix This Next. He is a former small business columnist for The Wall Street Journal and is the “Business Rescue” segment host for MSNBC’s Your Business.  Listen as Mike, Jayson and Richard talk about what inspired Mike's books and how learning the foundation principles of profitability are important even down to the household level.  Keep an ear out to see where Mike has opened his newest office! IN THIS EPISODE, YOU WILL LEARN: [00:02:29] What Inspired The Profit First Model? [00:11:20] Parkinson's Law [00:25:03] Have Canadians Been Reaching Out? [00:28:24] What Inspired Fix This Next?

Joint-CEO of Fluxmans and Insolvency, Business Rescue and Litigation expert, Colin Strime, chats to Gareth Cliff about the rigours of business rescue under Covid-19 economic conditions. Fluxmans Attorneys

Mike Michalowicz is an American author, entrepreneur, and lecturer. He is a business author including the popular Profit First, The Pumpkin Plan and The Toilet Paper Entrepreneur. He is a former small business columnist for The Wall Street Journal and the “Business Rescue” segment host for MSNBC’s Your Business. He also hosted the reality television program called Bailout! Mike has founded and sold multi-million dollar businesses and today shares over 25 years of business experience through his books and on stage in front of global audiences . During this episode we discuss some amazing business concepts with Mike including the following: How to Differentiate yourself in Business Mike has an accounting service business called Profit First. While this is an old established service industry, Mike has found a way to differentiate his business. Mike’s team go out to their over 250 clients as Profit Advisor with a special expertise and focus on not just being compliant with taxes and regulatory obligations but making sure the business is profitable and optimised. They focus is pivoted towards interpreting the business numbers and helping business find sustainable profitability This is all part of the Profit First philosophy which is detailed in Mike’s popular book https://www.amazon.com/Transform-Business-Cash-Eating-Monster-Money-Making/dp/0981808298 (Profit First – A Simple System to Transform Your Business from a Cash-Eating Monster to a Money-Making Machine ) Profit First System It flips the profit formula used in traditional accounting Commonly referred to as the bottom line, the standard profit formula is “Sales minus Expenses = Profit”. But this creates a mindset problem where a business owner does not focus on profit but leaves it at the last thing, a by product of everything else and invariably what gets put on the back burner can get forgotten and not prioritised. Profit First in Mike’s world has this formula: “Sales minus Profit = Expenses”. So every time you make a sale you allocate a predetermined percentage that you have calculated as your optimal operating profit level, and take the rest as the amount available for all your expenses (not the other way round). Acquiring the First Customer in Profit First Professionals The model is based on finding the right accounting professionals who get trained and accredited under the Profit First Methodology and then operate as advisors under the Profit First banner with a profit share arrangement Mike didn’t go out with a know it all attitude but went out to the potential Profit First Professional with the mission first, “we can eradicate entrepreneurial poverty together” They understood that this was something new and it needed to grow so whoever joined would join as the first customers, and it would not be easy but that they will be great upside in the future They also openly reduced the standard membership fee for the founding members and would bring in the first group of founding members onto the advisory board of the business to help provide real time feedback to help build the business Marketing Strategy Mike went to his existing list of customers and followers who were aware of his brand and his message, and publicly announced that he was looking for bookkeepers and accountants who were interested in partnering on this new project, shared the vision and then established a small community that was focused on this new project. Without a personal community, Mike advises that founders should go and look for the community that the target audience is already established (what conferences do they attend, what podcasts are they listening to or what blogs do they follow) and find a way to start contributing and speaking to them there. The One Problem Every Struggling Business had when Mike was on TV Every business that struggled mainly was because...