Business Rescue Services
Rebuilding of companies in financial distress has become an essential practice globally. South African companies in financial distress can now rely on Chapter 6 of the Companies Act 2008 (Act 71 of 2008) to come to their rescue.
The members of the Khammissa Business Rescue and Insolvency Group have researched Chapter 6 and the subsequent case law, ensuring that our approach to business rescues is both effective and compliant with the law.
We provide financially distressed companies the opportunity to return to a thriving profitable entity and a sustainable going concern through the implementation of a coherent, effective and tailor made rehabilitation plan.
Khamissa’s business rescue plan for DHT the biggest Steel plant in South Africa was successfully adopted with a 95% vote to salvage the R500 million+ company, while our business rescue plan for anther R500 million+ enterprise, Nweti Construction, was successfully adopted with a 100% vote. We are prod to have rescued the business of NTCO soap powder plant, and currently underway is the business rescue for Afrores and Trinidad.
With a proven history in the Business Rescue sector, we provide the following:
- Corporate business rescue
- A comprehensive business rescue plan
- Company rescue and associated legal proceedings
- Saving businesses and companies facing insolvency
- Business Rescue as laid out by Chapter 6 of the Companies Act