Given the current economic crisis as a consequence of the Covid 19 pandemic, as well as the state of the South African economy over the last few years, we have seen a significant increase in debt and corporate restructurings by South African corporate entities. It's no surprise that this trend has continued throughout the last few months, and will most likely continue for the foreseeable future.
Unfortunately, given the complexity of the tax rules relating to debt and corporate restructurings, if these restructurings are not implemented correctly, this could result in additional taxes being payable as well. Obviously, this is not first prize for any entity that finds itself in this situation.
In this podcast, Brian Dennehy and Kyle Beilings process the complicated minefield of debt and corporate restructurings for businesses in distress. They cover the types of debt restructuring mechanisms that are available to companies, tax liabilities and more.
Our experts in this podcast are:
Brian Dennehy, Head of Tax, Webber Wentzel; and
Kyle Beilings Partner, Webber Wentzel
Executive Producer: Paula Youens.