Distress is normally identified when a company is no longer profitable, when it's not a going concern anymore, when it has major problems.
A main street of a poor neighbourhood in Cape Town during recent power cuts.
It's not clear whether South Africa's president can coordinate his ministers in a way that provides clarity about dealing with the country's energy crisis.
South African Finance Minister Tito Mboweni delivers the mid-term budget statement at parliament, Cape Town, South Africa, 24 October 2018.
President Cyril Ramaphosa and his Finance Minister Tito Mboweni appear to have good intentions for the economy. But that's not enough.
South African president Cyril Ramaphosa (L) is congratulated by Democratic Alliance leader Mmusi Maimane after being elected president.
South Africa's parliamentary system would make it difficult to achieve a fusion of parties.
President Muhammadu Buhari of Nigeria (left) arriving at Waterkloof Airforce Base Airport in Pretoria. He is welcomed by Minister Naledi Pandor.
South Africa and Nigeria have had a turbulent relationship dating back to the early 1990s.
One of the immediate outcomes of talks between Muhammadu Buhari (left) and Cyril Ramaphosa was the easing of tensions.
Although Nigeria and South Africa are often cast as rivals they have a strong bilateral relationship
South African civil society and private citizens march in protest against xenophobic violence in Johannesburg.
Xenophobia negates the spirit of pan-Africanism, especially its ideal that Africans share a mutual bond, regardless of their geographical location.
Inkosi Mhlabunzima Maphumulo, right, with Dali Mpofu and Winnie Mandela in 1989.
Thobekile Maphumulo Family Papers, Author provided (No reuse)
Colonialism and apartheid sought to make traditional leaders accountable to white officials by tying them to land.
Cyril Ramaphosa led the African National Congress to victory in May. A new law on political funding covers parties, not politicians.
Secrecy over who funds political parties should trigger fears that government decisions will reflect the wishes of large donors.
Community members in Zandspruit west of Johannesburg block roads after their illegal electricity connections were removed.
A clandestine system of transfer payment, with roots in apartheid-era boycotts, has developed into routine behaviour on which many family budgets now depend.
The fossil fuel industry depends on massive government support, which makes the public foot the bill for a harmful and uncompetitive industry.
Cyril Ramaphosa takes the oath as his inauguration as President of South Africa.
Politics is being reduced to personalities in South Africa. The real issue is whether the damage that's been done can be undone.
Traditional leaders listen to a speech by President Cyril Ramaphosa’s in Makhanda, Eastern Cape.
The contested law also defines the jurisdiction of traditional leaders in terms of territory. But traditional community boundaries are actually set by personal relationships.
South Afriocan President Cyril Ramaphosa delivering his third state of the nation address.
EPA-EFE/Roger Bosch / Pool
Ramaphosa offered five simple yet bold goals for the next ten years that cut across the social and economic structural constraints that inhibit South Africa’s potential.
South Africa has struggled to get schooling right across the board.
Sunshine Seeds/Shutterstock/Editorial use only
It's easy to report on access and inputs, but much more difficult to achieve educational quality and meaningful outcomes.
Jonas Gwangwa in 2010.
The politics of Jonas Gwangwa's music have stayed constant over the years, and are also apparent in the eight albums he has released in South Africa since returning from 30 years of exile.
South Africa has seen a steady rise in the number of protests
If the country is to survive its current crisis, government will need to undertake two difficult tasks simultaneously.
Ahmed Timol, pictured in the centre of the 2nd row, was a teacher when he was killed by South African police.
The Timol ruling will not only have implications for crimes under apartheid, but also put the focus on torture within the South African Police Service.
President Cyril Ramaphosa must prioritise evidence-based policy making.
Ramaphosa’s "new dawn" will require a rigorous evidence-base of what works to guide high-level policy planning and design.
Outside a coal burning power station in Witbank. Companies will now pay each time they emit a ton of greenhouse gases.
South Africa will introduce the carbon tax which should be used to ensure benefits to poor communities.