The coronavirus (COVID-19) global pandemic has brought additional strain to an already struggling South African economy. IQbusiness, Schindlers Attorneys, Engaged Business Turnaround, Sirdar Group and Envision have formed a consortium to bring their extensive legal, accounting, technology and business turnaround expertise to help businesses in financial distress.
 
Together, these businesses have launched a crisis management centre called the COBRA (Covid Business Rescue Assistance) War Room. The initiative aims to assist and sustain South African businesses through the Covid-19 crisis with free services to help them receive coordinated bank, government and stakeholder support.  If required, a structured business rescue process can be initiated, with the objective of rehabilitating affected companies.

 

 

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