07-04-2020 • ASSETS AND EQUITIES

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A long long time ago and in a different galaxy, there was only one way to sell a small business. We called it the “asset deal”.

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In essence, the company stayed intact. The assets required to run “the business” moved to a new company, replaced in the old with cash.

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06-04-2020 • TOO SOON FOR BUSNESS RESCUE

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Business Rescue is not covered in the practice note issued by CIPC.

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So what now?

We expect banks to behave in a manner inconsistent with the spirit of the State of Disaster. I have already heard stories, first hand.
Banks and other creditors will use all the leverage they have at the end of this period. And yes, you can always resort to “Covid19 being the reason” for non-payments and so forth.

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02-04-2020 • ​STATE OF BUSINESS DISASTER

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On 24 March CIPC issued a “practice note“. It deals with the ramifications of the State of Disaster declared the previous week.

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The bits that are important are the following:

      2.  In light of the COVID-19 pandemic...

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