Rentoza enters business rescue after burning through $7.3M in funding

South African subscription retailer Rentoza has filed for voluntary business rescue, unable to raise fresh capital, settle its debts, or complete two years of overdue financial audits. The company confirmed the move on 1 July 2026, publishing supporting documents on its website. Rentoza built its business on letting customers subscribe to smartphones, laptops, appliances, baby products, and fitness gear rather than buying them outright — an asset-light alternative to ownership aimed at cost-cons