#PODCAST 2024 set to be another turbulent year for SA businesses - with almost 300 businesses already closing down in the last three months #sabcnews

By Newsbreak Producer Hoosen Ebrahim - 2024 is set to be a turbulent year for businesses in South Africa, with the national elections and the ongoing load shedding crisis. There's been around 300 businesses that already closed its doors in the last three months alone. According to Stats SA, the total number of liquidations dropped by 14.8% year-on-year in February 2024. Of the 138 businesses that closed their doors in February, 124 did so voluntarily, while the other 14 did so on a compulsory basis. Turnaround and restructuring leader at accounting firm - Deloitte, Jo Mitchel-Marias explains the business approach necessary for entrepreneurs who are currently in distress...