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Administration of Business Rescue: CIPC Perspective (Adv. Rory Voller, 10 Nov 2015)

This article provides statistics and insights into business rescue proceedings in South Africa, including the number of cases started and terminated, implementation success rates, practitioner categories, and more.

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Administration of Business Rescue: CIPC Perspective (Adv. Rory Voller, 10 Nov 2015)

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  1. Administration of Business Rescue: CIPC Perspective Adv Rory Voller 10 November 2015

  2. Statistics –Business Rescue Started • In total 1911 proceedings started from inception of business rescue on 1 May 2011 to 30 September 2015 while a total of 838 matters ended. .

  3. Statistics – Business Rescue per Entity Category

  4. Statistics - Business Rescue Started per Province • Majority of proceedings in Gauteng then followed by Western Cape • Province is not always confirmed with Notice to Start Business Rescue Proceedings

  5. Statistics - Termination • Reason for termination is not always clearly stated • Content of CoR125.2 limited • Not all “Termination – Liquidations” results in liquidation court order

  6. Statistics – Substantial Implementation • 238 proceedings was substantially implemented • Age analysis on substantial implementations: • Average duration from commencement to filing substantial implementation – 17 months • 11% within 2 months • 5% in month 3 • 8% in month 4 • 5% in month 5 • 80% in month 6 or longer

  7. Statistics – Nullities • From 1911 commenced proceedings, 175 declared a nullity • Thus 9.2% of all commenced proceedings ended in a nullity

  8. Statistics – Category of Practitioners per Province

  9. Statistics – Practitioners per Province

  10. Statistics – Practitioners per Profession

  11. Questions • Adv Rory Voller • Acting Commissioner • CIPC • Email: Rvoller@cipc.co.za

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