Helping businesses

In light of the recent budget speech and the ongoing pressure of South Africa's economic climate and the rising cost of living, Roy Lazarus of Park Village Auctions (PVA) underscores the importance of proactive asset management.

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Lazarus proposes that leveraging auctions can provide a robust and efficient means for companies to optimise resources and build resilience in these turbulent times.

"Businesses must remain agile and resourceful to weather the ripple effects of taxation changes and subsequent rising costs," says Lazarus, who, with PVA, has assisted in several Business Rescue matters.

In such cases, businesses often require restructuring and a capital injection to continue operating.