Cox Yeats - Business Rescue in South Africa: Insights from Gareth Cremen

20 August 2025 | Business Restructuring & Insolvency

Business rescue in South Africa has evolved from a “last resort before liquidation” into a vital mechanism for companies facing financial distress. In this interview, Gareth Cremen, Partner at Cox Yeats Attorneys, shares practical insights on:

How the Companies Act reshaped the landscape
Lessons from high-profile cases such as Edcon, Comair, and Mango Airlines
Red flags that signal when boards should act
The role of business rescue practitioners
Why legal reform may be needed

Listen and learn how business rescue can provide a lifeline when timing and strategy align: https://youtu.be/OPo7RLcWSEE

ARTICLE BY

Gareth Cremen

Partner

Tel: +2710 015 5808

Email: gcremen@coxyeats.co.za

CONTACT

DURBAN

Telephone: 031 536 8500

PHYSICAL ADDRESS
45 Vuna Close,
Umhlanga Ridge, 4319

POSTAL ADDRESS
PO Box 913, Umhlanga Rocks, 4320

GPS Co-ordinates: 29°43'45.9"S 31°04'19.3"E

JOHANNESBURG

Telephone: 010 015 5800

PHYSICAL ADDRESS
4 Sandown Valley Crescent, Sandton, Gauteng, 2196

GPS Co-ordinates: 26°06'09.0"S 28°03'02.7"E

CAPE TOWN

Telephone: 021 879 2516

PHYSICAL ADDRESS
801, 8th Floor, Touchstone House,
7 Bree Street, Cape Town, 8001 | Dx 74 Cape Town

GPS Co-ordinates: 33°55'3.644:"S 18°25'19.66"E

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