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Popular tech subscription service enters business rescue
['Mary Alson']
The South African
Rentoza, the business offering South Africans tech subscriptions, has entered business rescue.
Business Rescue to Help Rentoza SurviveIn its business rescue documentation, Rentoza revealed the company wouldn’t be able to pay creditors for six months.
ADVERTISEMENTThe company appointed Mpoti April Moalusi CA(SA), CFA as the business rescue practitioner.
Business rescue practitioner advisors from Anthill Advisory would support Moalusi, and Ernest van Zyl of EW van Zyl Attorneys will serve as legal advisor.
The documents highlight a business in peril, with strong potential for immediate liquidation had they not entered business rescue.