Jun 30,2014 / News / Johannesburg Seminar

Scrabble image

As an emerging market, South Africa offers opportunities for investors to consider the purchase of valuable assets that might become available at heavily-discounted prices due to companies facing positions of financial distress. The Business Rescue process (set out in Chapter 6 of the Companies Act, 2008, and which was introduced into South African law in May 2011) is fast becoming a mechanism for cash flush companies to take up opportunities by acquiring valuable assets in distress.

Werksmans held a conference on Thursday August 7 2014 at which we shed light on the following topics:

  • Overview of the South African business rescue regime and the role of post-commencement finance in business rescue
  • Utilising early distress signals and the business rescue regime to identify distressed companies as a possible target for acquisitions
  • The methodology for making acquisitions of good value companies in business rescue
  • Analysis of the current macro- and micro-economic landscape in South Africa – identifying those sectors of the market which are ripe for distressed investing;
  • The landscape for the acquisition of distressed assets in the mining sector, the beneficiation of mineral resources and changes in legislation in the mining sector and its impact on the business rescue process
  • The interplay between labour law and business rescue and general labour matters that require consideration in respect of business rescue proceedings
  • The practicalities surrounding the acquisition of a distressed asset through the business rescue process.

We also welcomed two external speakers at the event – Peter van den Steen, Business Rescue Practitioner and Wanya du Preez, Senior Manager at Deloitte SA.

Click here to download the Werksmans presentation.

Click here to download the Deloitte presentation.

Click here to download Peter van den Steen’s presentation