CRS Business Rescue
The turnaround industry and its business rescue industry component in South Africa

Turnaround Management Association - Southern Africa

Vision and mission

Turnaround Management Association - Southern Africa

The vision of Turnaround Management Association - Southern Africa (TMA-SA) is to be recognised by the Southern Africa business community as the pre-eminent organisation in which professionals from all disciplines engaged in the corporate renewal activities of business transformation, turnaround and business rescue choose to associate, market their services, and develop their professional skills.

It's mission is to serve as a forum for professionals from all disciplines engaged in the corporate renewal activities of business transformation, turnaround and business rescue to enable networking, to promote high standards of practice and foster professional development through education as well as well as through knowledge capture and dissemination, and to enhance the image of TMA-SA members.

TMA-SA was established in 2005 and currently has 100 members.  It's executive and members were actively engaged in the legislative process that yielded the new Companies Act and Companies Regulations.

All TMA-SA members are expected to sign a Code of Ethics each year specifying high standards of professionalism, integrity, and competence.

TMA-SA is an international licensee of the Turnaround Management Association (TMA) headquarted in Chicago, USA.

Turnaround Management and Corporate Renewal Book - a South African Perspective - Edited by Neil Harvey

Turnaround Management and Corporate Renewal

This prestigious book of 560 pages was edited by Professor Neil Harvey, a past TMA-SA Board member, and member of the Education Subcommittee of the Certification Governance Board of TMA-SA.

Most of the 48 chapters were contributed by TMA-SA members, with a chapter on TMA-SA itself (Van der Walt, 2011).

To obtain more information about this book and where to purchase it, see Turnaround Management and Corporate Renewal.

Members

Members that manage troubled companies, provide professional services to and fund troubled companies

  • Corporate turnaround managers and interim managers.
  • Service providers to troubled companies and their financiers:
    • Turnaround practitioners and consultants.
    • Business rescue practitioners registered as such by CIPC in terms of Chapter 6 of the Companies Act No. 71 of 2008, as amended by the Companies Amendment Act No. 3 of 2011.
    • Advisors including attorneys, accountants and financial advisors.
  • Financiers of troubled companies:
    • Workout / restructuring executives of banks and Development Fund Institutions.
    • Investment executives of institutional investors, venture capital and private equity investors, development funds, etc.

Those that govern, educate and study the industries and disciplines of turnaround, corporate renewal and business rescue

  • Judges.
  • Lawmakers.
  • Professors and lecturers.
  • Trainers.
  • Students.

Benefits of membership

TMA-SA provides networking opportunities, information, education and promotion.

Of special interest is its planned Certified Turnaround Professional (CTP) programme.

We recommend that any professional in the turnaround and business rescue industries become a member of TMA-SA.


References

Academic articles

Van der Walt, J. L. (2011). The Turnaround Management Association - Southern Africa (TMA-SA). Turnaround Management & Corporate Renewal - a South African Perspective (pp. 32-47). Johannesburg: Wits University Press.


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