scholarly journals Investigating the direct costs of business rescue

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Nicole V.A. De Abreu ◽  
Wesley Rosslyn-Smith

Orientation: The direct costs associated with business rescue proceedings are essential to the decision-making of directors, business rescue practitioners and other affected parties. Business rescue has come under criticism for being a costly procedure, but what constitutes these costs and how they are defined remain largely unknown.Research purpose: The aim of this study was to identify and measure the direct costs of business rescue proceedings in South Africa. This research also explored the relationship between direct costs and the following variables: firm size and duration of business rescue proceedings.Motivation for the study: Despite the significance of understanding reorganisation costs, astonishingly little is know about the size and determinants of the direct costs of business rescue in the South African context. Business rescue practitioners fees and other related expenses have been blamed for worsening business rescue proceedings’ reputation. However, researchers have not yet determined the nature or quantum of such costs.Research design, approach and method: This study employed an exploratory sequential mixed-method research design. The first phase comprised semi-structured interviews supplemented by a closed card sort with 14 business rescue practitioners. The first phase resulted in direct cost categories and components used to develop a survey instrument. The survey was administered in the second phase and measured the direct costs for 19 South African firms previously under business rescue.Main findings: The first phase results show that the direct costs of business rescue consist of four categories: the basic remuneration of the business rescue practitioner, contingency fees, professional fee disbursements and general disbursements. Because of the small sample size, the results of the second phase were inconclusive.Practical/managerial implications: This research contributes to the management body of knowledge by providing business rescue practitioners, the management of distressed companies, and affected parties, especially creditors with a starting point into understanding the direct costs of business rescue proceedings.Contribution/value-add: This is the first study of its kind, to quantitatively measure the direct costs of business rescue in the South African context. Therefore, the results of the study may offer affected parties some insight and clarity regarding the nature of the direct costs of business rescue.

2019 ◽  
Vol 14 (1) ◽  
pp. 107-113 ◽  
Author(s):  
Lee Pote ◽  
Candice J Christie

Cricket players nowadays are faced with increased physical demands, and as a result, it is important to manage their workload, particularly to control and predict risk of injury. While this has been investigated at an elite level, few studies have looked at the workloads placed on adolescent cricket players. The purpose of this study was therefore to determine the workloads placed on school boy cricketers, specifically within a South African context. Twelve male school boy cricketers between the ages of 16 and 19 years participated in the study. Match and practice data were collected over a period of 74 days and included number of shuttles run (batsmen), number of deliveries bowled (bowlers) as well as central ratings of perceived exertion (RPE). Injury data were also collected. These data were then used to determine the acute:chronic (a:c) workload ratio (two-week rolling average) as well as session RPE (sRPE). Fast bowlers delivered more balls during matches compared to practices, whereas batsmen ran more shuttles at practices compared to matches. Session RPE was higher for matches compared to practices. There did not appear to be a relationship between workload and injury risk; however, this may have been due to the small sample size. It was concluded that it is important to monitor individual workloads of players. Also, intensities of practices need to be increased to match game demands. Lastly, the study design was effective and the methods used were found to be appropriate for a larger population.


2021 ◽  
pp. 204382062110300
Author(s):  
Jennifer Robinson

This commentary explores the multi-temporalities of the pasts which relate to South African cities ‘now’. Inspired by Myriam Houssay-Holzchuch’s article in this volume, and the wider engagements of French scholars in the South African context, this commentary takes as a starting point Walter Benjamin’s idea of history as thought through ‘now-time’. In doing so, I assess the declining relevance of the ‘post’ in thinking the futures of South African cities.


Author(s):  
Belinda Bedell ◽  
Nicholas Challis ◽  
Charl Cilliers ◽  
Joy Cole ◽  
Wendy Corry ◽  
...  

2013 ◽  
Vol 30 (1) ◽  
pp. 1-21
Author(s):  
Auwais Rafudeen

This paper examines a South African debate on legislating Muslim marriages in the light of anthropologist Talal Asad’s critique developed in his Formations of the Secular (2003). It probes aspects of the debate under four Asadian themes: (1) the historicity of the secular, secularism, and secularization; (2) the place of power and the new articulations of discourses it creates; (3) the state as the arm of that power; and (4) the interconnections (or dislocations) among law, ethics, and the organic environment (habitus). I argue that Asad illumines the debate in the following ways: (1) by providing a deeper historical and philosophical appreciation of its terms of reference, given that the proposed legislation will be subject to South Africa’s secular Bill of Rights and constitution; (2) by requiring us to examine and interrogate the genealogies of such particular hegemonic discourses as human rights, which some participants appear to present as ahistorical and privileged; and (3) by showing, through the concept of habitus, why this debate needs to go beyond its present piecemeal legal nature and develop an appreciation of the organic linkages among the Shari‘ah, morality, community, and self. Yet inevitable nuances are produced when applying Asad’s ideas to the South African context.


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