Deloitte Restructuring Survey 2024
19 April 2024
Dear Member
The Deloitte Restructuring Survey is an annual survey of restructuring professionals and C-suite executives, which was conducted across South Africa (Ghana, Kenya and Nigeria). Survey responses were collected between 11 January – 9 February 2024. Deloitte has seen a marked increase of 42% of overall survey sample size to 213 (compared to 150 in 2023).
The survey questions were tailored to stakeholder groups and regions. For example, all respondents answered questions in relation to macroeconomic risks, while only the C-suite were asked about how they maximise shareholder value. As a result, the sample size varies by question, but Deloitte ensured that the response rate per question was sufficient before including it in their analysis.
Summary: Deloitte Africa Restructuring Survey: Businesses need stronger governance and financial controls
- 2024 survey expanded to four African countries: South Africa, Kenya, Nigeria, and Ghana.
- Business restructuring in Africa is predicted to take an informal route, with internal teams required to highlight early business distress signs.
- In South Africa, increased activity in business rescue is predicted for 2024.
- Companies Act reform not factoring in three desired insolvency legislation changes.
Click for the PDF: Deloitte Restructuring Survey 2024
Take care,
René Bekker
Chief Operating Officer