Turnaround events - 2007 past

Date: Thursday 6 September 2007.

Time: 16h00 - 18h00.

Venue: IDC, Fredman Drive, Sandton.

Attendance: TMA-SA Board members.

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.

Thanks go to the IDC for sponsoring the evening.

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

Please RSVP by Monday 3 September to Lynne at or 011 964 2895.

Those who require invoices for the cost should request these from Lynne.

Date: Thursday 2 August 2007.

Time: 16h00 - 18h00.

Venue: Building 6, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k)

Attendance: TMA-SA Board members.

Date: Saturday 13 July 2007.

Time: 09h00 starting, all day event.

Venue: Farm of Karl Gribnitz, halfway between Johannesburg and Pretoria - Mirkwood Estate, Plot 26, Farm Klipkop.

Map to event: Click here.

Attendance: TMA-SA Board members.

Date: Thursday 5 July 2007.

Time: 16h00 - 18h00.

Venue: Building 6, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k)

Attendance: TMA-SA Board members.

Date: Monday 11 June 2007.

Time: 09h00 - 17h00.

Venue: DG16, Block D, The dti Campus, 77 Meintjies Street, Sunnyside, Pretoria, 0002.

Topic: Issues pertaining to Chapter 6 (Business Rescue) of the Companies Bill, 2007.

Attendance:  By invite only.

For more information on issues to be discussed, see Turnaround News.

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.

Date: Thursday 7 June 2007.

Time: 16h00 - 18h00.

Venue: Building 6, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k)

Attendance: TMA-SA Board members.

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.

Date: Friday 25 May 2007.

Time: All day event.

Venue: The Castle, Midrand.

Invitation: (238k)

Topic: Effective program / project management workshop.

Speaker: Geoff Reiss (M.Phil, Bsc., FAPM) Chairman of ProgM (UK government Project Special Group).

The objective of the workshop is to introduce the emerging of techniques for prioritisation and selection of change projects on the basis of their return on investment and the techniques to ensure the delivery of the expected benefits to the organisation.

Cost: R 2 500 per delegate.

Enquiries: Tilson Manyoni / Susan Radinne Phone: 011 655 7232 Cell: 082 455 4763 Email: tilson@acutech.co.za Website: www.acutech.co.za

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

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.

Date: Friday 11 May 2007.

Time: 10:00 for 10:30 to 15:00.

Venue: Auditorium at Routledge Modise Attorneys, 22 Fredman Drive, Sandton.

Topic: Companies Act and Business rescue discussion

Speaker: The topic will be presented by Professor David Burdette and Dr Sulette Lombard from Faculty of Law of the University of Pretoria with specific emphasis on insolvencies and company rescue.

Cost: Cost R285.00 per person (VAT included) and inclusive of coffee / tea together with light refreshments on arrival, lunch and afternoon coffee / tea.  The cost will also cover the handouts of the presentations.

Limited seats are available and you are requested you to reply by 3 May 2007 to james.galloway@kpmg.co.za

On receipt of your acceptance of the invitation an invoice will be issued to you/ your employer to be settled prior to attendance.

There is ample parking available in the building and we have arranged the times of the presentation to limit the possibility that delegates will encounter traffic problems.

For those of you who wish to stay behind a cash bar will be available after the formalities have been concluded.

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 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.

Date: Thursday 3 May 2007.

Time: 16h00 - 18h00.

Venue: Building 6, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k)

Attendance: TMA-SA Board members.