💨 Abstract

This article offers proactive strategies for South African businesses to manage financial difficulties. Key advice includes regular cash flow checks, maintaining good relationships with creditors, exploring mediation for disputes, and considering business rescue in cases of severe financial distress. The author, PJ Veldhuizen, emphasizes the importance of managing cash flow, engaging with creditors, and seeking expert advice in tough times. The article ends with a positive note about a decline in company liquidations in South Africa.

Courtesy: www.thesouthafrican.com

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