TMA-SA lecture series: Turnarounds, Restructuring and Business Support at the IDC

 

 

Date: Thursday 6 September 2007.

Time: Social from 17h30 for talk from 18h30 until 20h30.

Venue: IDC Auditorium, IDC, 19 Fredman Drive, Sandton.

Invitation: Turnarounds, Restructuring and Business Support at the IDC (113k)

Topic: Turnarounds, Restructuring and Business Support at the IDC

IDC’s experience with informal restructuring – Jean Du Plessis

This topic will deal with how the IDC has been carrying out informal restructuring in the absence of formal legislation.  Examples of successful restructurings will be given.  Jean Du Plessis is the head of the IDC’s Workout and Restructuring dept.

Lessons learnt by the IDC – David McGulwa

This will outline some of the lessons learnt by the IDC in the deals that were not successful and how they are used internally to avoid similar mistakes.

David McGulwa is a senior account manager in the IDC’s Workout and Restructuring dept. 

Business support given to IDC clients – Richard Combrink

This will outline the nature of support that the IDC gives to its clients and the involvement of consultants in such process.  Richard Combrink manages the Business Support Programme at the IDC.

Cost: R50 for TMA members, R100 per person for non-members.

Welcome: All TMA members, prospective TMA members and the general public.

 

This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

TMA-SA looking for an Executive Manager

Members of the Turnaround Management Association - Southern Africa are invited to apply to the position of Executive Manager: TMA-SA.

Nature of the position:

• Probably full-time with 50% availability i.e. working 10 days per month, but scheduled around TMA-SA activities and the TMA-SA timetable.
• Ideal for a participant in the turnaround industry with other sources of income.
• The following is considered to be an advantage:
  • Knowledge of TMA-SA and the turnaround industry in Southern Africa.
  • Past TMA-SA board/Exco experience.
  • Providing an office infrastructure (board room, administrator, administrative infrastructure, etc.) to TMA-SA.
• Remuneration is negotiable - could include or exclude an office infrastructure.

Duties:

• Day-to-day administrative, operational, marketing, legal and management activities of TMA-SA to enable it to provide networking, knowledge, education and promotion to its members.
• Attendance of TMA-SA board meetings, Exco meetings and functions.
• Direct support to the CEO and COO.
• The Executive Manager will report to the Chief Operating Officer.  The Executive Directors on the TMA-SA board (CEO, COO, Secretary, Finance, Marketing, Education & Knowledge, and Informatics) remain accountable for policy, direction and execution in their portfolios, but will rely on the Executive Manager for taking care of day-to-day activities and doing the legwork.  The current position of Operations Director will probably be folded into the function of the Executive Manager.

Application process:

• Please email your application to (COO of TMA-SA), which should include the following:
  • Technical and financial proposal - remuneration, availability, office infrastructure included/excluded and costs thereof, etc.
  • Experience and knowledge of the turnaround industry in Southern Africa.
  • CV.

Notes:

• Funding for this position must still be secured, and the successful applicant may be required to assist in crafting the business case and participating in the fund raising process.
• TMA-SA is not under any obligation to make an appointment.
• TMA-SA can change its requirements - the onus is really on the applicant to propose a practical and financially affordable solution.

This news flash was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.

Future strategic direction of TMA-SA

The board of directors of the Turnaround Management Association - Southern Africa (TMA-SA) held a strategic planning workshop on Saturday 13 July. 

The traditional value propositions of networking, knowledge capturing and dissemination, education, and promotion to industry and government (new business rescue legislation, turnaround funding, etc.) remain in place, but will take on a new flavour.

The board accepted two far-reaching strategic goals and objectives, which are in the process of being converted into action plans by the Executive Directors.

• TMA-SA to become a self sustaining entity with more value-added services to its members:
  • Commercialise (not having to rely on membership fees to fund operations any more).
    • Generate its own income through offering educational services in alliance with universities (conferences, short courses, certification programmes, degree programmes, etc.).  This rather than our members offering their participation free of charge.
  • Appoint a full-time Executive Manager (not having to rely on the voluntarily spare time of Directors anymore).
  • Act as a stronger access/networking intermediary between members and the constituencies in the turnaround industry.
  • Sponsorship to fund the iniatives above.
• TMA-SA to become a professional organisation:
  • Graduated levels of membership e.g. member (open to all) and certified member (exam and other requirements).
  • Certification of members.
  • Code of ethics.
  • Possible alliance with another professional organisation to allow us to share their administrative infrastructure and professional body/educational know how.

This news flash was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.

TMA-SA Lecture series: When private equity funding might be available in a turnaround situation, and on what terms and conditions 7 June 2007

Date: Thursday 7 June 2007.

Time: Social from 17h30 for talk from 18h30.

Venue: Corporate Finance Main Boardroom, Building 6, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: Map to Deloitte (54k).

Invitation: Private Equity in Turnarounds - TMA-SA event on 7th June (29k)

Topic: When private equity funding might be available in a turnaround situation, and on what terms and conditions

The talk will be aimed at turnaround managers and based on many years of practical experience as well as post graduate studies in this field.  It will focus on one of the key requirements for private equity availability i.e. the need for an appropriate turnaround strategy, to be in place.  The talk will also include “real-life” lessons learnt from recent turnaround strategies performed for two clients of Sasfin Ltd.

Speaker: Vernon Leas, Executive Consultant, Sasfin Private Equity

Vernon Leas has a B Comm (Unisa), MBA (Henley UK), SEP (Harvard).  After doing his articles at Coopers & Lybrand, he served in various financial and general management positions in Barlows, Altron and Malbak before taking the CFO then CEO role at a listed IT firm.  He currently runs his own business in investment management and strategic and turnaround consultant.

Cost: R50 for TMA members, R100 per person for non-members.

Snacks will be served and a cash bar will be available.   Please feel free to forward this invite to colleagues and clients who may be interested in turnarounds.

Welcome: All TMA members, prospective TMA members and the general public.

Please feel free to forward this invite to colleagues and clients who may be interested in turnarounds.

Please RSVP by Monday 4 Junel to Lynne at or 011 964 2895.  Those who require invoices for the cost should request these from Lynne.

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This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.

Corporate turnaround and rescue strategies workshop 28 - 29 May 2007

Date: 28 - 29 May 2007

Time: All day event.

Venue: Fairlawns Hotel, Sandton

Topic: Corporate turnaround and rescue strategies workshop

Cost: SAICA members & trainees - R5 809.15 (incl. VAT) Non-members - R6 834.30 (incl. VAT)

Brochure: Corporate Turnaround and Rescue Strategies (261k)

Note: This is not an officially TMA-SA event.

Programme:

Strategic Executive one of SAICA's Alliance Partners will be hosting a Corporate Turnaround and Rescue Strategies workshop.

Who should attend?

Managers; business decision makers; accountants; lawyers; corporate finance professionals and bankers working in business rescue situations; service providers to troubled companies; investors and lenders to distressed companies.

Objectives

The purpose of the two day workshop is to give an overview of current developments in corporate turnaround and restructuring in South Africa and to further develop rescue strategies for organisations facing insolvency.  It provides an understanding of the timelines to financial distress, the factors contributing to the different levels of corporate decline as well as strategies for overcoming the problems, restoring corporate value and returning business to profitability.  The aim of turnaround strategy is to ensure organisations can avoid severe disruption, even liquidation and rather be turned around/rescued to maximize return for stakeholders, including creditors and employees.  Practical case studies involving the saving of businesses facing difficulties will be examined.

Learning Outcomes

After completion of this workshop, participants should be able to:

• Understand the legislative framework to turnaround and business rescue in South Africa;
• Identify signs of pending distress/failure in business;
• Assess, manage and maximize value of assets in turnaround and business rescue scenarios;
• Understand the turnaround and rescue strategic options that need to be pursued; and
• Understand the principles of the underlying strategy.

Programme Duration

First Day: Registration 08:30 - 09:00 Workshop begins 09:00 Ends at 17:00

Following Day: Start 09:00 end 17:00

About the Presenters

Carl Komape

The lead presenter is Carl Komape, who has spent a number of years at global advisory firm KPMG.  He has extensive experience with corporate restructuring and turnaround situations.  In 2005, Carl was seconded to the Association for the Advancement of Black Accountants in Southern Africa (ABASA) as executive director.  Amongst his responsibilities, Carl represented ABASA on the board of the financial services Seta (FASSET) and also sat on the negotiating forum to draft the Chartered Accountancy Transformation Charter.  Carl has also written, edited and published articles dealing with areas of business performance enhancement, business transformation and turnaround, corporate governance, and business rescue.  He has recently joined Matasis Consulting (Pty) Ltd in the Business Rescue division.

Vincent Marino

Mr Vincent Marino has authored a number of books including the "Business Survival Guide - strategies for struggling businesses" and the popular book "Buying and Selling a Business".  He has consulted for a number of years to troubled businesses assisting them to evaluate and implement turnaround strategies.  He also served on the initial board of the Turnaround Management Association - Southern Africa.

Bob Power

Mr Bob Power is a lawyer (Barrister by profession), and well known as an adviser to major companies and financial institutions over many years, mainly in the fields of mergers and acquisitions including negotiations, due diligence investigations, and the practicalities of entering or exiting business. He is also an active author and lecturer on a wide range of business and governance issues.  He not only lectures on these subjects but also consults and assists with their implementation from entrepreneurs to major corporations.

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This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.

Programme: Managing a turnaround

Date: 14 - 18 May 2007.

Venue: Wits Business School.

Programme details and application form: Click on Managing a Turnaround 2007 brochure.

Cost: R14 300 includes tuition, instruction material, workbook, refreshments and lunches.

Discount for TMA-SA members: Not available anymore.

Enquiries: Debbie Sachs: email or phone 011 717 3637.

MANAGING A TURNAROUND

This five-day programme (with the last day being a workshop) provides participants with an insight into the various stages and processes of turnaround management.  Definition, stages of a turnaround, rapid appraisal and detailed analysis, recovery plan development and implementation will be covered.   The financial, legal, internal and external; politics and human considerations are evaluated in depth.   The people who have led successful South African turnarounds present their case studies.

The Programme Outline

• How turnarounds differ from “normal” management.
• Typical stages of a turnaround.
• Rapid appraisal of a situation, crisis management and emergency actions.
• Stabilisation.
• Detailed analysis and recovery plan development.
• Rehabilitation or “return to normal”.
• Legal aspects of a turnaround.
• Financial aspects.
• Marketing Aspects.
• Managing working capital.
• Internal and external political considerations.
• Change management.
• Human resource leadership in a turnaround.
• Managing stakeholders.
• Early warning signals.
• Lessons from bitter experience.
• Case studies from private sector, parastatal and government.

Who should attend?

The programme is designed for all those individuals, CEOs and managers currently involved in or likely to be confronted with turnaround situations or teaching relevant subjects.

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This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.

TMA-SA May lectures series: Business rescue legislation panel discussion

Date: Thursday 3 May 2007.

Time: Social from 17h30 for talk from 18h30 until 20h30.

Venue: Building 3, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k).

Invitation: (29k)

Topic: Business rescue legislation panel discussion.

Panelists and programme

• Opening remarks by the Chairman Judge Ralph Zulman.  Judge Ralph Zulman is a well-known supporter of new business rescue legislation, and was a panelist at the dti's business rescue legislation discussion at the Companies Bill conference in March 2007.
• Panelists (about 10 minutes each)
  • The business rescue process (commencement, supervisor appointment, business rescue plan publication and approval, critical path, termination) by Jan van der Walt. Jan is a member of TMA-SA and ABASA and contributed to the submissions of both organisation to the dti on the draft legislation.
  • The supervisor (who is he/she?; need for regulation, admission criteria, exam, etc.) by John Evans.   John is a member of TMA-SA and ABASA and contributed to the submissions of both organisation to the dti on the draft legislation.
  • Impact on banks (creditors not appointing the supervisor, shift in decision-making power away from secured creditors, Banks' secured lending base will be eroded, etc.) by Martin Leigh.   Martin is a member of the Banking Council and ABASA and contributed to the Banking Council submission to the dti on the draft legislation.
  • Impact on the liquidation industry by Hans Klopper.   Hans is a member of AIPSA.
  • The academic perspective (debtor-friendly company business rescue legislation vs. creditor-friendly present and future insolvency legislation, etc. by David Burdette.   David is a insolvency law expert, member of TMA-SA, ABASA and AIPSA, and contributed to the submissions of both organisation to the dti on the draft legislation.
• Floor discussion - questions to panelists and open debate.  Keith Braatvedt is the additional panelist to answer legal questions.  Keith is a member of TMA-SA and AIPSA and contributed to the TMA-SA submissions to the dti on the draft legislation.
• Closure by Chairman.

Cost: R50 for TMA members, R100 per person for non-members.

Welcome: All TMA members, prospective TMA members and the general public.

Please feel free to forward this invite to colleagues and clients who may be interested in turnarounds.

Please RSVP by Monday 30 April to Lynne at or 011 9642 895.  Those who require invoices for the cost should request these from Lynne.

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This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.

For more information, see Turnaround Events.