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Upward trend in liquidations shows an economy heading deeper into trouble

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Clothing retailer Edcon narrowly avoided liquidation early in 2019 when its creditors and landlords threw it a R2.7bn lifeline.

It was too big to fail because its collapse would have put 140,000 jobs on the line. Similarly, business rescue practitioners are working around the clock at construction firm Group Five in a bid to save 3,000-3,500 jobs.

Read the full article on Business Live: https://www.businesslive.co.za 

Business Live 11 September 2019 - 18:26 Londiwe Buthelezi

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