Business rescue legislation
South Africa's new business rescue legislation is contained in Chapter 6 of the Companies Act No. 71 of 2008.
The purpose of this section is to:
- Provide information regarding business rescue legislation.
- Provide an interactive forum for discussion and debate to enable a wider understanding of legal and practical aspects of business rescue.
Follow the business rescue links below:
- Business rescue legislation: Chapter 6 of the Companies Act No. 71 of 2009:
Part A: Business rescue proceedings
Part B: Practitioner’s functions and terms of appointment
Part C: Rights of affected persons during business rescue proceedings
Issues for rectification
Please refer to Companies Act No. 71 of 2008 - issues for rectification.
It has come to the Minister's attention that there may be errors that require rectification before the implementation of the Act. These errors relate to provisions that appear to be incomplete as well as grammatical, technical and incorrect cross references, which may give rise to different interpretation of the provisions concerned.
In order to address this, the Department of Trade and Industry (the dti) has initiated a process to rectify the identified errors and is hereby requesting stakeholders to give input or comment on the relevant provisions.
Please submit your comment or input to the dti for the attention of Mr MacDonald Netshitenzhe at: MNetshitenzhe@thedti.gov.za or Fax (012) 394 2506 thirty (30) days after the publication of the notice.
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Legal references cited by Chapter 6
Search CRS Business Rescue
Business rescue legislation documents
Business rescue provisions in Chapter 6 of the Companies Act No. 71 of 2008 
(772k).
Companies Act No. 71 of 2008 (772k).
Companies Act No. 71 of 2008 - issues for rectification (38k).