Business rescue in South Africa: an exploration of the views of business rescue practitioners
| dc.contributor.author | Naidoo, Talira | |
| dc.date.accessioned | 2017-03-02T06:52:40Z | |
| dc.date.available | 2017-03-02T06:52:40Z | |
| dc.date.issued | 2016 | |
| dc.description | A research report submitted by In partial fulfilment of the Degree: Master of Commerce School of Accountancy 2016 | en_ZA |
| dc.description.abstract | Given the seemingly low rate of success of the current business rescue regime (at just 13.6% as at June 2015), this study sought to identify whether the current business rescue regime in South Africa realises its intended objectives and why this meeting of objectives or failure to do so may be the case. It focuses on practical issues and the investigation is undertaken through interviews with business rescue practitioners who are the facilitators of business rescue. The findings show that there is a lack of clarity in the definition of success which may be cause for concern and that, despite its consistency with other jurisdictions, in the views of practitioners, the success rate is expected to improve. The study finds that there is a lack of prompt action when signs of financial distress are noted and a lack of funding for companies in business rescue. The experience of the practitioner has a significant impact on the success or failure of the rescue and may be one of the reasons for the current low rate of success of the regime, while the specific qualifications of the practitioner play a smaller role. The plan is imperative but there is often a lack of information and insufficient time allocated to its preparation. Consistency of Court judgements also has a bearing on success of business rescue, while consistency with provisions of other jurisdictions is not considered to be important. | en_ZA |
| dc.description.librarian | MT2017 | en_ZA |
| dc.format.extent | Online resource (83 leaves) | |
| dc.identifier.citation | Naidoo, Talira (2016) Business rescue in South Africa: an exploration of the views of business rescue practitioners, University of the Witwatersrand, Johannesburg, <http://wiredspace.wits.ac.za/handle/10539/22141> | |
| dc.identifier.uri | http://hdl.handle.net/10539/22141 | |
| dc.language.iso | en | en_ZA |
| dc.subject.lcsh | Business failures--Law and legislation--South Africa | |
| dc.subject.lcsh | Bankruptcy--Law and legislation--South Africa | |
| dc.title | Business rescue in South Africa: an exploration of the views of business rescue practitioners | en_ZA |
| dc.type | Thesis | en_ZA |