ReVIVE has the track record and credentials to assist companies to arrive at the conclusion that it is in their best interest to seek temporary relief and allow for rehabilitation. The preparation and findings of the Independent Business Review and subsequent Turnaround Plan developed by management and ReVIVE will always consider this as a last resort. The appointment of a Business Rescue Practitioner is an important consideration for management, shareholders, and creditors. The Companies Act 71 of 2008 requires
practitioners to be members of good standing, in legal, accounting or business management, and ensure qualifications and experience match SAQA standards.
ReVIVE will manage this process and act as a facilitator and confidante of the company to ensure the process and appointment is professionally managed and implemented – always following the principle of strong ethical behaviour and impeccable corporate governance.