12 April 2021
RITANZ Chair John Fisk was recently interviewed by RNZ on the number of business failures in NZ as shown below. Fears that the pandemic would prompt a wave of business failures have not come to fruition, yet.
RITANZ Chair John Fisk was recently interviewed by RNZ on the number of business failures in NZ as shown below.
Fears that the pandemic would prompt a wave of business failures have not come to fruition, yet.
The Restructuring Insolvency & Turnaround Association (RITANZ) expected the end of various government support measures, such as the wage subsidy scheme, would trigger a slew of insolvencies towards the end of 2020, which could continue for a number of years.
That was based on what happened during the 2008 global financial crisis.