Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

- About to blow ?

Reply
striker
Super Contributor
- Noticed yesterday's SENs announcement about an application for a ' Business rescue plan '- Anybody heard of this before ? Sounds like a judicial management order to me. Seems like Trilinear, the coy. trying to rescue PNG, have got huge problems with
0 Kudos
3 REPLIES 3
THRESHOLD
Super Contributor
New provision of the Co.'s Act. Replaces the old JD arrangement. Vile piece of legislation which shifts much of the problem to the landlord ... VIVA socialism!
0 Kudos
leminus2
Regular Contributor
Is the business rescue plan like a liquidation? Or what does it mean?
0 Kudos
charls
Not applicable
i notice that the amount of the so-called claw back is just about enough to pay the directors for another year - how directors of a bankrupt company can earn slaries in excess of million rands blows my mind !!!!!
0 Kudos