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Retailer has not paid multiple creditors for months.

Retailer CNA battles to avoid business rescue Creditors remain in the dark as CNA battles to avoid business rescue. Reports emerged last week that the stationery retailer is in financial trouble and that the relationship between the board and CEO has soured. The board is accusing CEO Benjamin Trisk of engaging business rescue practitioners without its consent, according to Business Day. The board is of the view that Trisk acted “unilaterally”. However, Trisk told the paper that, as a director, he had to look after the “welfare of the company, its staff and its creditors”. He claims th...

8 Feb 2021 We hosted Prime Circle’s Music in Empty Spaces concert in February, which was pre-recorded in the empty arena and then streamed. It doesn’t beat the energy of a live event, but it is a way to stay connected. Steaming has become an acceptable eventing platform that many are excited about and we believe it will be here to stay even after live eventing resumes. Can you tell us more about the new Hybrid Studio? The Ticketpro Dome Hybrid Studio comprises three stages and 12 green screens, so the sky really is the limit when it comes to creative options. You can have a live band on o...

CDH hires two commercial directors Published by: Sandy Bhadare at 10/03/2021 Cliffe Dekker Hofmeyr has welcomed two new directors to its commercial and corporate practice, one of whi... Cliffe Dekker Hofmeyr has welcomed two new directors to its commercial and corporate practice, one of which is a veteran of the firm. Ian Hayes, a veteran of Cliffe Dekker Hofmeyr (CDH), has returned after an eight-year stint at Africa’s largest law firm ENSafrica, while Brian Jennings, who has also made th...

The perils of legacy software for retailers adopting digital journeys The author, Allan Dickson, argues that XXX In the devastating wake of the global pandemic, companies across industries are grappling with the economic impact – and few more so than the embattled retail sector. Without a doubt, “making the numbers” is rare amid weaker revenue. This means there is inevitably a strong focus on cost containment, including IT spend, often resulting in the dilution or even abandonment of IT initiatives that are essential to retailers’ long-term competitiveness. The worst hit are lik...