Deloitte Restructuring Survey 2023
Our 2023 restructuring report has recorded the highest participation in the history of our survey and an increase of 35% compared to the response rate in 2022. We continue to broaden both the regional perspectives in the survey, as well as incorporating the voice of our clients – the C-suite. This survey highlights the requirement for collective responsibility in the early identification of signs of financial distress and sounds a call to action for all stakeholders for early collaboration.
Practitioners reveal the secret to restructuring success
The mix of restructuring professionals and the C-suite are critical to understanding the key challenges faced by the restructuring industry.
Key findings include:
- 81% of survey respondents (including the usually more optimistic C-suite) are pessimistic about growth in South Africa
- 85% of survey respondents are anticipating an increase in business rescue activity
- 71% of lenders believe that Part A is the primary purpose of business rescue, whilst only 3% of business rescues have been successful when using Part A as a measuring yard, begging the question of whether business rescue is suffering an identity crisis?
- The most favoured restructuring tool is an advisor-led Restructuring Office
Deloitte provides restructuring, turnaround and implementation advice and services to underperforming and financially distressed businesses, their stakeholders, and advisors.
In the press from our 2022 survey:
- Business rescue in South Africa is experiencing a crisis of trust: Survey: 7 April 2022
- SABC News
- SA FM
- Channel Africa
Contact us to learn more about how we approach Turnaround & Restructuring at Deloitte
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