1 min read
You could lose your shirt trying to rescue your company
In a November 2025 presentation to Parliament, the Industrial Development Corporation identified high costs of as much as R10 million, lengthy proceedings and companies entering rescue too late as significant obstacles.
South Africa
Business rescue is intended to give struggling companies a second chance, but it can take more than a year, cost money they no longer have and still end in liquidation.
About this article
- Length
- 30 words · 1 min read
- Published
- October 4, 2026
- Source
- IOL