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Business Rescue as an Economic Remedy For Covid-19

Summary

The combined impact of the COVID-19 lockdown and the rating agencies’ downgrades will cause many businesses in our economy to spiral into financial distress and shed thousands of jobs. Companies experience financial distress when they are unable to meet creditor payments thereby increasing the possibility of insolvency.
AuthorProfessor Raj Rajaram
DivisionAudit and Assurance > Legal and governance
Keywords
Business Rescue Remedy For Covid-19
Date2021
URL
https://www.accountancysa.org.za/business-rescue-economic-remedy-for-covid-19/