Turnaround events - 2006
TMA-SA lecture series
Date: Wednesday 29 November 2006.
Time: Social from 17h30 in Academic Lounge for Talk from 18h30 in LT1.
Venue: Wits Business School, 2 St David’s Place, Parktown.
Topic: When private equity funding might be available in a turnaround situation, and on what terms and conditions
Invitation: 
(110k)
Map to event: (117k)
Speaker: Vernon Leas of 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.
Abstract: 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 a turnaround strategy, to be in place. The talk will focus on Key elements, Strategic business plan, Stages and Critical success factors of the turnaround strategy. The talk will also include “real-life” lessons learnt from recent turnaround strategies performed for two clients of Sasfin Ltd.
Cost: R50 for TMA members, R100 per person for non-members.
Snacks will be served and a cash bar will be available.
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 27 November 2006 to .
TMA-SA Board meeting
Date: Thursday 2 November 2006.
Time: 16h00 - 18h00.
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Attendance: TMA-SA Board of Directors.
Special TMA-SA Board meeting
Date: Wednesday 5 October 2006.
Time: 16h00 - 17h00.
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Purpose: Approving new Articles of Association and By-laws.
TMA-SA strategy session
Date: Friday - Saturday 6 - 7 October 2006.
Time: All day.
Venue: Farm of Karl Gribnitz.
Attendance: TMA-SA board members.
TMA-SA lecture series
Date: Wednesday 25 October 2006.
Time: Social from 17h30 in Academic Lounge for Talk from 18h30 in LT1.
Venue: Wits Business School, 2 St David’s Place, Parktown.
Topic: Legal risks for directors and consultants of distressed companies.
Invitation: (114k)
Map to event: (117k)
Speaker: Kevin Cochran, Legal Advisor, Nedbank Special Portfolio Unit.
After reading for his BA degree at WITS and BA(hons) LLB at Rhodes, Kevin served articles at Webber Wentzel Bowens in Johannesburg, where he practised after being admitted as an attorney. Kevin subsequently joined Nedbank Corporate's Special Portfolio Unit, where he has worked for the past three years as a legal adviser, advising members of the Unit on the legal aspects of business rescue, the management of high risk debt and financially stressed debtors and multi creditor work-outs.
Abstract: A practical guide for turnaround managers, consultants, directors and other stakeholders in distressed companies to selected provisions of the Companies and Insolvency Acts in the context of business rescue, focusing on voidable dispositions, the disposal of assets and the potential liability of directors and officers during the turnaround phase of business rescue.
Cost: R50 for TMA members, R100 per person for non-members.
Snacks will be served and a cash bar will be available.
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 23rd October 2006 to .
Advanced Corporate Finance Masterclass
Date: 4 - 6 September 2006
Venue: Quatermain Hotel, Sandton
Topic: Corporate Finance, with Day 2 dealing with corporate finance and turnarounds.
Day 1: Due diligence in corporate finance.
Day 2: Corporate finance and turnarounds.
Day 3: Joint ventures and strategic alliances.
Speaker: Roger Baden-Powell.
Cost: R3 995 for 1 day, R3 995 for 1 day, R7 990 for two days, R11 690 for all three days (VAT excluded)
Full details : (179k)
Private Equity World Africa 2006
Date: 5 - 8 September 2006
Venue: Sandton Convention Centre
Conference content: The definitive private equity industry forum.
- Optimise your investment portfolio and implementation strategies.
- Identify new and emerging companies and investment opportunities in South Africa and Africa.
- Gain all the intelligence you need to invest in regional and global private equity funds.
- Network with a range of leading international and local industry leaders.
Private Equity World Africa 2006 brings together industry players who will share their insights and perspectives on the industry’s critical issues. The South African event will provide a unique opportunity for institutional investors, investment managers, private equity funds, funds of funds, investee companies and other relevant stakeholders in the South African private equity industry to meet and do business in a structured, information sharing environment.
Full details: Brochure
More information: Private Equity World Africa 2006
TMA-SA Exco meeting
Date: Thursday 7 September 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
TMA-SA Exco members.
TMA-SA lecture series
The September social/lecture series is replaced by the TMA Webinar (see below).
TMA Webinar
Date: Wednesday 27 September 2006.
Time: 18h00 South Africa time, 12h00 noon USA Eastern time
Topic: Guidance for All Constituencies in "Zone of Insolvency".
Description: When a company becomes insolvent or enters the "zone of insolvency" various constituencies face shifting duties. The Turnaround Management Association presents an hour-long live webinar on "How Deep is Your Insolvency?" to give some guidance on this topic.
Beginning at 12 noon Eastern, panelists examine key business and legal issues from the perspective of the lender, borrower and other secured and unsecured stakeholders.
The moderator is J. Andrew Rahl Jr., Anderson Kill & Olick, P.C., with a panel comprised of: Allison Adornato, CIT Business Capital; Robert D. Katz, CTP, Executive Sounding Board Associates Inc; and Jordan W. Siev, Anderson Kill & Olick, P.C.
The speakers will discuss:
- What duties does the borrower's management owe to the creditors?
- What steps should be taken to shore up liquidity and keep the business running?
- Does the lender refuse requests for further borrowings?
- Does the lender call the loan?
- Can the lender request additional security?
- Are management changes needed?
- Does a bankruptcy filing make sense?
- What are the potential liabilities for the lender's and borrower's management?
Cost: The cost is $49.95 for TMA members and $99.95 for nonmembers. Registration can be completed online at www.turnaround.org
TMA-SA lecture series
Date: Wednesday 30 August 2006.
Time: Social from 17h30 for Talk from 18h30.
Venue: Wits Business School, 2 St David’s Place, Parktown.
Topic: Small Business Turnarounds
Invitation: (114k)
Map to event: (117k)
Speaker: Colin Bachelor, M.I.Mech. E., B.Sc. (Eng)., Hons., A.C.G.I.
Colin is a Chartered Mechanical Engineer with over twenty-five years international business experience. He has been involved in numerous management led turnarounds with small and medium sized businesses. He is a Director of Phetiso Enterprise Development (Pty) Limited, a company that specialises in business development for SME’s.
Description: There is no shortage of advice and assistance for starting a small business, but what do you do if your established business loses money and starts to get into difficulty? With particular emphasis on the special circumstances of a small business owner. This practical talk will offer advice on how to avoid common mistakes and what to do when faced with an impending crisis.
Cost: R50 for TMA members, R100 per person for non-members.
Snacks will be served and a cash bar will be available.
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 28th August 2006 to .
Debt restructuring workshop
Date: 31st August – 1st September, 2006
Venue: Irene Country Lodge, Irene.
Topic: Debt restructuring.
A pc-based event that will be using case studies (real South African & International examples) as the core of the course. It will be covering the entire restructuring process from problem identification through to designing, developing and selling the restructuring proposal.
Speaker: Julian Roche.
Cost: R8 495 per delegate.
Invitation: (549k)
Benefits of attending the course:
- Know how to spot companies in distress or heading into distress.
- Understand why company restructurings are necessary.
- Appreciate the role of debt and equity instruments in corporate restructuring.
- Learn how to Evaluate shareholder value in failing and debt-ridden companies.
- Gain knowledge of how banks approach corporate restructuring.
- Learn how to design turnaround strategies.
TMA-SA Board meeting
Date: Thursday 3 August 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the TMA-SA Board of Directors.
TMA-SA social evening
Date: 18h00 Wednesday 12 July 2006
Venue: Johannesburg, Country Club, Woodmead. At the gate, advise the security guard that the member you are meeting is Colin Bachelor.
Cost: R50 per person
Welcome: All TMA members and prospective TMA members.
TMA-SA Exco meeting
Date: Thursday 6 July 2006 - postponed to 25th.
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the TMA-SA Exco.
TMA-SA lecture series
Date: 18h30 Wednesday 28 June 2006 preceded by social from 17h30 to 17h30.
Venue: Auditorium, Building 3, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.
Snacks will be served and a cash bar will be available. Drinks in the pub, lecture in the Auditorium.
Map to venue: (52k)
Invitation: (28k)
Topic: "Emotional failure leads to business combustion - The role of logic and emotions in business failure"
Speaker: Karl Gribnitz.
Managing all forms of risk since the start of his business career, Karl has developed his skills and abilities that enable him to be a valuable arbitrageur, professional director and environmentalist. Karl is a value arbitrageur, who is willing to make decisions and take risks as a principal. Karl has acquired a specialised knowledge of all aspects on corporate law, JSE Securities Exchange and Securities Exchange Regulation Panel rules, accounting matters and corporate finance. At the age of 39, Karl has served on 13 different boards of companies listed on the JSE.
Date: Wednesday 28th June 2006
Cost: R50 for TMA-SA members, R100 for non-members.
Welcome: All TMA members, prospective TMA members and the general public.
Please RSVP by Monday 26th June 2006 to .
Global Educational Symposium
Date: 21 - 23 June 2006
Venue: Hyatt Regency, Chicago
Cost: See details
Welcome: All TMA members and prospective TMA members.
The GES is TMA's only international event with a specific focus on bringing together leading academics and practitioners to address the current issues facing professionals in today's corporate renewal market. This year's GES focuses exclusively on the timely topic of "Liquidity and Corporate Renewal." Experience the following symposium highlights by registering today:
- Exposure to academics and senior industry professionals - including the heads of workout groups from UBS, Bank of Montreal and Wells Fargo - whose insights can enhance the ways in which you do business
- National networking opportunities, with a cocktail reception, coffee breaks and meals providing plenty of quality networking time in a collegial setting
- Educational panels focusing on critical global liquidity issues - from the forecast for credit markets to procedures private equity firms use to structure acquisitions.
- Keynote speakers Dr. Arthur B. Laffer, distinguished in supply-side economics for divining the Laffer curve, and Douglas Atkin, an expert on how companies can tap into customer motivation to position products and services (attendees will receive a complimentary copy of Atkin's book, The Culting of Brands: Turn Your Customers Into True Believers)
- A one and one-half day program offering up to 10 hours of continuing education credit for accountants, attorneys and CTPs
Click here for complete symposium details and registration opportunities.
Click here for details about making a hotel reservation.
TMA-SA social evening
Date: 18h00 Wednesday 14 June 2006
Venue: Johannesburg, Country Club, Woodmead. At the gate, advise the security guard that the member you are meeting is Colin Bachelor.
Cost: R50 per person.
Welcome: All TMA members and prospective TMA members.
TMA-SA Exco meeting
Date: Thursday 1 June 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the TMA-SA Exco.
TMA social evening
There will be no separate TMA social event in May due to the turnaround conference at Wits Business School. However, the TMA lecture series (see below), which is also held at WBS, will include the opportunity for attendees to socialise and network in the Executive Dining Room from 17h30 - 18h30.
Date: Wednesday 17 May 2006 from 17h30 - 18h30.
Venue: Executive Dining Room, Wits Business School, 2 St David’s Place, Parktown.
Welcome: All TMA lecture series attendees.
TMA lecture series
Date: Wednesday 17 May 2006.
Time: Drinks will be in the Executive Dining Room from17h30 and the lecture will start at 18h30.
Venue: Please note that the venue for the TMA lecture on 17th May has changed to Wits Business School, 2 St David’s Place, Parktown.
Topic: Four Models for Rescue: Convergence or Divergence in European Insolvency Laws
Description: A look at the main developments in insolvency law reform in relation to four European Union member states viewed in the context of reforms occurring across Europe. This paper will seek to identify and outline areas of common interest that underpin recent reform in the four jurisdictions chosen with view to determining whether there is a common direction to these reforms, whereas there had previously been strong resistance to harmonisation of legislation.
Speaker: Paul Omar D.Phil, LLM, LLB, Cert. Eg., Barrister (Gray’s Inn), Advocate and Solicitor (Malaya)
Invitation: (115k)
Cost: R50 per TMA member, R100 for non-members.
Welcome: All TMA members, prospective TMA members and the general public.
Please RSVP by Monday 15th May 2006 to
Next month's topic on Wed 28 June: The Business Rescue of CNA.
Conference: Managing a turnaround
Date: 15 - 19 May 2006
Venue: Wits Business School
Conference programme (274k)
Definition, stages of a turnaround, rapid appraisal and detailed analysis, recovery plan development and implementation are covered. The financial, legal, internal and external political and human considerations are evaluated in depth. The people who have led successful South African turnarounds present their case studies.
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.
Turnaround strategies are vital for survival of businesses
Wits Business School is the proud host of “Managing a Turnaround”. The five-day programme runs from May 15-19, 2006.
Turnaround strategies and techniques are essential for any organisation in distress or any business. A solid business plan can assist an entrepreneur in making a success of a company even after several failures or an organisation that is struggling.
“Businesses and entrepreneurs should not see bankruptcy or liquidation as the end of the road; rather they should be motivated to persevere by implementing an effective turnaround strategy in order for the business to survive,” says one of the programme leaders, Frans van Heerden: Wits Business School.
The “Managing a Turnaround” programme is designed to provide participants with an analytical framework, help develop a mindset to appreciate and tackle turnarounds and share experiences with turnaround leaders such as the CEO of Barloworld, Tony Phillips, who will be presenting his case study at the course.
The programme provides insight into the various stages and processes of turnaround management such as the definition, stages of a turnaround, rapid appraisal and detailed analysis, recovery plan development and implementations. The financial, legal, operations, marketing, politics and human considerations are evaluated in depth.
CEO’s and managers who are likely to be confronted with turnaround situations or are involved in mentoring individuals on turnaround techniques are encouraged to participate in this programme.
The key learning outcomes of the programme include:
- Differentiating how turnaround differs from “normal agreement”.
- Provide students with a detailed analysis and recovery development plan.
- Present case studies from the private sector, parastatals and government providing participants with a broader understanding of how turnaround strategies could be implemented in various sectors.
For more information on the course please contact programme manager: Debbie Sachs on tel: (011) 717-3637, e-mail: sachs.d@wbs.ac.za. Alternatively contact Frans van den Heerden on cell: 082-557-5130 or e-mail: fmvh@mweb.co.za.
The course convener is Professor Neil Harvey.
Conference: Managing business transformation
Date: Originally 17 - 18 May 2006, but this event has been postponed.
Venue: Balalaika Protea Hotel in Sandton
Managing business transformation conference programme
Managing Business Transformation
Issues such as low business transformation activity in the private sector; low consulting rates paid by the public sector; BEE transformation labeled as business transformation; difficulties with achieving effective business transformation in the public sector; corporate governance, are to be confronted at Managing Business Transformation conference.
This two-day conference (17-18 May 2006, Balalaika Protea Hotel, Sandton) is designed to address a variety of current topics and encourage direct interaction and case studies from organisations that have gone through transformation and those going through the process. This intensive conference will provide highly practical and relevant information on the latest developments in Business Transformation from practitioners, government, trade unions and consultants.
"Business Transformation focuses the attention on an integrated company-wide roadmap for an improved future. In doing so, it ensures alignment and internal consistency by reshaping the strategy, organisation and operations of businesses as a whole," noted Jan van der Walt , Corporate Renewal Solutions CEO.
But Business Transformation does not only provide the answers to what to change in response to market-place events. More importantly, it also provides the answers on how to manage such change through its focus on transformational change management to align and commit leadership, to involve and mobilise employees, and to obtain stakeholder support.
Business Transformation should be both an essential and a continuous management competency of any enterprise. It is about implementing the enterprise's business strategy and moving closer to its vision.
Change Agents are responsible for a variety of strategic and transformation duties necessary to run an organization efficiently. They serve as information and communication managers for an organisation; gather competition intelligence and respond to environmental changes.
"A comprehensive change management programme is required so that employees (including all levels of management) can understand the business case for the transformation and can therefore buy-in into it," responds Nomzamo Ntuli, Rand Water's Corporate Planner.
Contact: Goodman Chauke on Tel: 011 784 0888.
TMA Board meeting
Date: Thursday 5 May 2006.
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the 2005/06 board.
Nominations (this event cancelled)
Date: On or before 30 April 2006
Nominating Committee to nominate a slate of candidates for the election of the 2007 Board of Directors and office bearers at annual general meeting of members:
- Deputy-CEO
- Director: Newsletter
- Director: Web site
- 2 x non-executive directors
A procedure need to be formulated to allow for positions already held by candidates to be up for election too.
TMA-SA social evening
Date: 18h00 Wednesday 12 April 2006
Venue: Johannesburg, Country Club, Woodmead. At the gate, advise the security guard that the member you are meeting is Colin Bachelor.
Cost: R50 per person
Welcome: All TMA members and prospective TMA members.
TMA-SA Exco meeting
Date: Thursday 6 April 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the 2005/06 board.
TMA-SA lecture series
Date: 18h00 Monday 27 March 2006
Venue: Auditorium, KPMG Crescent, 85 Empire Road, Parktown.
Topic: Restructuring in an international environment
Speaker: Stefan Swarzfischer, Associate Director, Corporate Restructure, KMPG South Africa
Invitatation: (115k)
Cost: R50 per person for non-TMA members.
Attendance: all TMA members, prospective TMA members and members of the public.
TMA-SA social evening
Date: 18h00 Wednesday 8 March 2006
Venue: Johannesburg Country Club in Woodmead.
Cost: R50 per person
Welcome: all TMA members and prospective TMA members.
TMA-SA Exco meeting
Date: Thursday 2 March 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Exco members, plus all other office bearers and non-executive directors by invitation
TMA-SA lecture series
Date: 18h00 Wednesday 22 February 2006
Venue: Nedbank Auditorium, Nedbank Head Office, 135 Rivonia Road, Sandown
Topic: "Turnarounds - A Bankers Perspective".
Speaker: Robin Taggart.
Invitatation: (114k)
Cost: R50 per person
Attendance: all TMA members, prospective TMA members and members of the public.
TMA-SA social evening
Date: 18h00 Wednesday 8 February 2006
Venue: Johannesburg, Country Club, Auckland Park
Map to venue: 
(110k)
Cost: R50 per person
Welcome: All TMA members and prospective TMA members.
Board meeting
Date: Thursday 2 February 2006
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Members of the 2005/06 board.
TMA-SA lecture series
Date: 18h00 Wednesday 28 January 2006
Venue: The Auditorium, Building 3, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.
Map to venue: (52k)
Topic: One sucker required
Synopsis: (28k)
Speaker: Karl Gribnitz of Gandalf Trust
Cost: R50 per person
Attendance: All TMA members, prospective TMA members and members of the public.
TMA-SA social evening
Date: 18h00 Wednesday 18 January 2006
Venue: Johannesburg, Country Club, Auckland Park
Map to venue: (110k)
Cost: R50 per person
Welcome: All TMA members and prospective TMA members.
Meeting - setting up Cape Town office
Date: Tuesday 17 January 2006 at 16h40.
Venue: Pinelands City Lodge
Hosting: Roger Stewart, Herman Marais, Ben Durandt.
Welcome: All Cape Town TMA members and prospective TMA members.
TMA-SA Exco meeting
Date: Thursday 12 January
Time: 16h00 - 18h00
Venue: Werksmans, c/o Fredman Drive & 5th Avenue, Sandton.
Exco members, plus all other office bearers and non-executive directors by invitation.