Business Rescue

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Introduction

Welcome to the official information page regarding Daybreak Foods' business rescue proceedings. On June 12, 2025, the Daybreak Foods Board of Directors passed a resolution to voluntarily undergo the business rescue in accordance with the Companies Act 71 of 2008. This decision was made after careful consideration, as the Board had reasonable grounds to believe that the company was financially distressed and that there was a reasonable prospect of rescuing it. The company is currently under the supervision of a Business Rescue Practitioner, Mr. Tebogo Christopher Raymond Maoto, who was appointed on the same date.

Official Business Rescue Documents

This section contains all official documents related to the business rescue proceedings of Daybreak Foods. Here, you will find the board resolutions to commence the process, the sworn statement confirming the company's financial distress and the reasons for it, as well as the formal notices sent to the affected parties. You will also find a presentation given at the first meeting of creditors and employees, which outlines the plan for stabilisation and long-term turnaround. These documents are intended to provide transparency and keep all stakeholders informed about the process and progress.

Proceedings and Appointments

Daybreak Foods Notice of Business Rescue Proceedings and Appointment of Business Rescue Practitioner
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This document formally notifies affected parties of Daybreak Foods (Pty) Ltd’s voluntary commencement of business rescue proceedings in terms of Section 129 of the Companies Act, and confirms the appointment of Mr. Tebogo Maoto as the Business Rescue Practitioner.
First Meeting of Creditors Presentation
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This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods to creditors, outlining the business rescue process, the reasons for the company's financial distress, and the planned steps for stabilization and turnaround.
First Meeting of Employees Presentation
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This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods to employees, outlining the business rescue process, their rights, and the timeline for a turnaround plan.
First Meeting of Creditors Presentation
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This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of creditors on June 23, 2025, detailing the background, actions to date, and the phased plan for rescuing the company.
First Meeting of Employees Presentation
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This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of employees on June 24, 2025, detailing the background, recent actions, and the phased plan for rescuing the company.

Notice and Circular to Creditors

Daybreak Foods Notice of Business Rescue Proceedings and Appointment of Business Rescue Practitioner
View Document
This document formally notifies affected parties of Daybreak Foods (Pty) Ltd’s voluntary commencement of business rescue proceedings in terms of Section 129 of the Companies Act, and confirms the appointment of Mr. Tebogo Maoto as the Business Rescue Practitioner.
First Meeting of Creditors Presentation
View Document
This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods to creditors, outlining the business rescue process, the reasons for the company's financial distress, and the planned steps for stabilization and turnaround.
First Meeting of Employees Presentation
View Document
This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods to employees, outlining the business rescue process, their rights, and the timeline for a turnaround plan.
First Meeting of Creditors Presentation
View Document
This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of creditors on June 23, 2025, detailing the background, actions to date, and the phased plan for rescuing the company.
First Meeting of Employees Presentation
View Document
This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of employees on June 24, 2025, detailing the background, recent actions, and the phased plan for rescuing the company.
Board Resolution for Business Rescue Proceedings
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This document contains the written resolutions passed by the board of directors of Daybreak Foods to voluntarily begin business rescue proceedings on June 12, 2025.
Sworn Statement for Business Rescue Proceedings
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This document is a sworn statement from Charlotte Nkuna, a director of Daybreak Foods, confirming the company's financial distress and the board's resolution to voluntarily begin business rescue proceedings.
Notice of Business Rescue Proceedings and Appointment of Practitioner
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This document serves as a formal notice to all known affected parties that Daybreak Foods has commenced business rescue proceedings and has appointed Tebogo Maoto as the senior business rescue practitioner
Companies and Intellectual Property Commission (CIPC) Notice of Business Rescue
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This document is a confirmation from the CIPC that Daybreak Foods (Pty) Ltd. has commenced business rescue proceedings, effective June 12, 2025.
Notice of Appointment of Business Rescue Practitioner
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This document from the Companies and Intellectual Property Commission (CIPC) confirms the successful application and appointment of Tebogo Christopher Raymond Maoto as the senior business rescue practitioner for Daybreak Foods (Pty) Ltd., effective June 12, 2025.

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