Starting 2006, Turnaround Management Association - Southern Africa will become an international affiliate of TMA International rather than a chapter.
Instead of repatriating members’ full annual fees to TMA International, the new dispensation allows the organisation to retain a substantial portion of membership fees to cover necessary expenses for value-adding services and products such as a secretariat, newsletter, events, education, promoting members’ services, etc.
However, the organisation will now have to administer new member registration, annual renewals and members’ fee collection itself. We are working hard to have such a system in place before year-end.
For more information, see Turnaround Management Association license agreement.