Page 5 - PowerPoint Presentation
P. 5

BUSINESSES IN DIFFICULTY

            Overview






            • Business entities may find themselves in financial

                distress for a multitude of reasons.



            • One of the functions of financial management is to

                assist these businesses, in the form of sound advice


                and with assistance in using the appropriate tools

                at their disposal.



            • Here,               businesses                    could             restructure/reorganise

                themselves within the guidelines of the Companies

                Act;


                    • they could enter into voluntary liquidation; or


                    • restructure by means of divestiture, or

                    • an absorption or


                    • amalgamation with another entity.

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