CRS Business Rescue
The business rescue credentials of Corporate Renewal Solutions

Jan van der Walt - Senior Business Rescue Practitioner

Jan van der Walt's senior business rescue practitioner status

Jan van der Walt is classified as a Senior Business Rescue Practitioner by the Companies and Intellectual Property Commission (CIPC) in terms of regulation 127 (2)(c)(i).

His senior business rescue practitioner status warrants that he has actively engaged in business turnaround practice before the effective date of the Act, or as a business rescue practitioner in terms of the Act, for a combined period of at least 10 years.

Regulation 127 (5) stipulates that a senior business rescue practitioner such as Jan may be appointed as the business rescue practitioner for any company size as classified in Regulation 127 (2)(b) - large, medium or small - as defined by the public interest score.

As an interim measure, CIPC presently grants interim licenses to business rescue practitioners only when nominated by companies or close corporations entering business rescue.  An interim license is valid only for the case in question.

Any company or close corporation wishing to appoint Jan, or any associates of Corporate Renewal Solutions, as it's business rescue practitioner, is requested to complete the Business rescue client submission form.

Jan van der Walt's business rescue credentials

  • Turnaround management experience stretching over 28,5 years of large companies as accountable executive or as advisor managing large project teams.

  • Intimate knowledge of new business rescue legislation and regulations by virtue of having been involved in its drafting since 2005.
  • Detailed knowledge of business rescue by virtue of his current doctorate studies in business rescue.

Turnaround experience

Presently the CEO of Corporate Renewal Solutions (CRS), a black-empowered turnaround consulting firm, Jan van der Walt has 28,5 years' experience in  turnaround management.

Jan's informal sector turnaround experience (informal creditor workout) is highly transferable to formal Chapter 6 turnaround (business rescue), especially in light of his knowledge of the new business rescue legislation.

In his turnaround practitioner career he served as both senior accountable executive and in advisory positions in numerous turnaround situations in a variety of industries ranging from the public sector, to private sector clients as large as R5bn turnover.

He has wide experience in devising and implementing leadership, strategic, financial, organisational and operational solutions in turnaround projects.

Turnaround/business rescue skills

  • Investigating the affairs of the business.
  • Crisis stabilisation and emergency management.
  • Turnaround/business rescue viability assessment.
  • Crafting of the turnaround/business rescue plan.
  • Stakeholder management, including negotiating acceptance of the turnaround/business rescue plan.
  • Implementing the turnaround/business rescue plan.
  • Stewardship as a director.

Business rescue industry knowledge

Jan regularly publishes, lectures and presents talks and papers on turnaround and Chapter 6 business rescue, as well as web mastering websites, blogs and internet discussion groups. Some of his papers, presentations and websites are listed below.

He has appeared on television and in the press locally and in neighbouring countries.

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

Turnaround Management and Corporate Renewal

Jan's firm Corporate Renewal Solutions (CRS) is proud to have sponsored 50% of the final editing cost of this prestigious book on corporate renewal, turnaround and business rescue.

Ntombi Langa-Royds, chair of CRS, contributed the chapter "Human Resources Leadership in a Turnaround".

Jan contributed the following four chapters:

  • "The Turnaround Management Association - Southern Africa (TMA-SA)".
  • "Turnaround Situations".
  • "Operational Aspects of a Turnaround".
  • "A Turnaround Practitioner's View on New Business Rescue Legislation".

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

Business rescue industry activities

Jan founded the Turnaround Management Association - Southern Africa (TMA-SA) in 2005.  Having served as CEO in the past, he is the present Certification Director.  Jan is earmarked as the CEO of the Certified Turnaround Professional Governance Board of TMA-SA, Chair of its Standards Subcommittee and member of its Education Subcommittee.  He is also a member of the Institute of Directors (IoD).

Jan is a member of the Business Rescue Sub-Committee of the King III Commission on Governance.  He edited the final draft of the Business Rescue Practice Notes.

Jan was invited to dti and the USAID Financial Sector Program workshops, made submissions, and was privately consulted by the dti and the USAID Financial Sector Program with regard to new business rescue legislation (Chapter 6 of the Companies Act No. 71 of 2008, the Companies Amendment Act No. 3 of 2011, and the Companies Regulations, 2011).  He did so in his private capacity and as CEO/Director of TMA-SA. 

Lately, he has been involved in discussions with the USAID Financial Sector Program regarding admission requirements for business rescue practitioners, including examination, experience and ethical requirements.

Chief Executive Officer: Corporate Renewal Solutions (CRS)

Click on the photograph for enlarged version.

 

Jan van der Walt

 

Jan is bound by the Code of Ethics of the Turnaround Management Association - Southern Africa (TMA-SA).

See Jan van der Walt's membership certificate of the Turnaround Management Association - Southern Africa (TMA-SA).

Listen to Jan's BNPC Turnaround Seminar Interview with GABZFM Radio broadcast on 11 August 2010.

 

Contact details

Email address:

Cell: +27 82 853 1414

Land line: +27 11 477 4414

Fax line: +27 86 510 6184

Jan van der Walt's qualifications

  • Presently busy completing a Doctorate in Business Administration (DBA) at the Gordon Institute of Management Science of the University of Pretoria, where his research interest is predicting business rescue resolution.  Passed the first year of Directed Learning with the top exam marks in class.
  • MBA (Stanford Business School), where he studied with a Fulbright Scholarship and specialised in strategy.
  • Honours B.Sc. in Operations Research (University of South Africa).
  • B.Sc. Industrial Engineering degree (cum laude) (University of Pretoria).

Your comments on and questions to Jan van van der Walt - Senior Business Rescue Practitioner

 

Jan van der Walt's industry activities

Recent papers and presentations

Date

Topic

10 July 2011

Quoted in Sunday Times:

27 May 2011

Launch of Neil Harvey's book Turnaround Management and Corporate Renewal: A South African Perspective.

Chapters contributed by Jan van der Walt:

  • "The Turnaround Management Association - Southern Africa (TMA-SA)"
  • "Turnaround Situations".
  • "Operational Aspects of a Turnaround".
  • "A Turnaround Practitioner's View on New Business Rescue Legislation".

26 May 2011

Managing a Turnaround and Corporate Renewal

Venue: Wits Business School, 2 St. David's Place, Parktown, Johannesburg, 2183

Brochure: Managing A Turnaround And Corporate Renewal 2011

"A Turnaround Practitioner's View on New Business Rescue Legislation"

15 September 2010

Opinion on Khaya Ngqula's role in SAA's turnaround results.

Ploeg die SAL nog met Ngqula se kalwers? - Sake24

16 - 17 August 2010

Listen to the BNPC Turnaround Seminar Interview with GABZFM Radio broadcast on 11 August 2010.

Newspaper clips:

Venue: Botswana National Productivity Centre (BNPC) headquarters, Gaborone, Botswana.

7 July 2010

Turnaround Management Association - Southern Africa Lecture Series

Johannesburg.

"A Point of View on Business Rescue 2"

12 May 2010

Turnaround Management Association - Southern Africa Lecture Series

Johannesburg.

"A Point of View on Business Rescue 1"

6 May 2010

Managing a Turnaround and Corporate Renewal, Wits Business School.

Johannesburg.

"Business Rescue: A Turnaround Practitioner’s Perspective"

7 Dec 09

King III Final Report: The requirements and implications for public, private and non-profit organisations (222k).

Cape Town.

"Final recommendations for Business Rescue procedures"

5 Nov 09

Women in Management and Leadership Conference (243k).

"New business rescue legislation as per Chapter 6 of the new Companies Act"

14 Oct 09

Audit, Risk and Governance Summit '09 (501k).

"New business rescue legislation as per Chapter 6 of the new Companies Act"

29 Sep 09

King III Final Report: The requirements and implications for public, private and non-profit organisations (91k).

Johannesburg.

"Final recommendations for Business Rescue procedures"

16 Sep Leadership excellence and corporate governance conference (1120k)

18 to 20 Aug 09

Business rescue: Demystified and Operationalised (422k).

30 Jul 09

Corporate Governance Forum 2009: (269k).

"Analysing the importance of business rescue legislation and its implications for your company"

09-03-07

A corporate conversation on business rescue (167k) or A corporate conversation on business rescue (105k).

08-08-07

Business rescue legislation comments which constitutes TMA-SA's submission to dti on the business rescue provisions of Chapter 6 of the Companies Act (B61 - 2008)

08-07-30

Business rescue legislation - a turnaround practitioner’s perspective on changes in B61-2008 compared to the 2007 draft - Business rescue panel discussion, Turnaround Management Association - Southern Africa.

08-07-29

Business rescue legislation - implications for companies and directors - Corporate Governance conference.

08-05-12

Turnaround situations (Wits Business School turnaround management conference)

07-05-15

Turnaround situations (Wits Business School turnaround management conference) PDF symbol (591k)

07-05-03

Business rescue process - Business rescue panel discussion, Turnaround Management Association - Southern Africa PDF symbol (140k).

07-03-30

Business rescue legislation comments which constitutes TMA-SA's submission to dti on the business rescue provisions of Chapter 6 of the Companies Act 2007 PDF symbol (772k).

06-11-04

Improving turnaround and business rescue in South Africa - how government can contribute, and how TMA-SA can assist - presentation to National Treasury and Department of Trade and Industry PDF symbol (588k).

06-11-04

Overview of the Turnaround Management Association - Southern Africa PowerPoint symbol (545k).

06-09-06

Implications of new business rescue legislation for private equity in South Africa (Private Equity Africa 2006 conference) PowerPoint symbol> (556k).

06-05-15

Contrasting informal turnaround with turnaround during insolvency 2006 (Wits Business School turnaround management conference) PowerPoint symbol (770k).

06-05-15

Developments in the South African turnaround industry 2006 (Wits Business School turnaround management conference) PowerPoint symbol (326k).

King III Committee on Corporate Governance

Jan is a member of the Business Rescue Subcommittee of the King III Commission on Governance.  He made a substantial contribution towards the business rescue provisions in the following publications:

Industry associations

In 2004 he initiated what was eventually named the Task Group for Organising the Turnaround and Business Rescue Industries, which included 100 representatives from various stakeholder groups in industry in its Work Group and Advisory Group. 

The Task Group spawned:

  • ABASA - Association of Business Administrators of South Africa - a past proposed business rescue regulatory body in terms of new business rescue legislation, where he served on the Interim Executive as Treasurer.  ABASA has since merged in to the Certified Turnaround Practitioner Governance Board of TMA-SA.
  • Turnaround Management Association - Southern Africa (TMA-SA), the establishment of which Jan initiated and concluded as a founder member after having been a member of the Chicago Chapter of the TMA before.
    • He was voted onto the initial board of TMA-SA as director in 2005.  
    • 2005: Director and Chief Executive Officer. 
    • 2006: Director and Chief Operating Officer.
    • 2007 - 08: Director and Chief Operating Officer; Informatics Director.
    • 2009: Director and Chief Operating Officer.
    • 2010 - 2011: Director: Certification.
    • He also serves on the International Committee of TMA

Business rescue legislation and regulations

As the representative of TMA-SA, Jan has been actively involved in submissions to government and government workshops on new business rescue legislation and business rescue regulations as contained in Chapter 6 of the Companies Act No. 71 of 2008, Companies Amendment Act No. 3 of 2011, and Companies Regulations, 2011.

For his assessment of how the new legislation will affect turnaround and the rescue of financially distressed companies, please see Business rescue in South Africa.

Turnaround/Business Rescue industry web sites

Jan maintains the following turnaround-related web sites, blogs and forums:


Do you wish to place your company or CC into business rescue?

Please complete the Business rescue client submission form.

We will respond with an opinion on the appropriate approach for you to take, implications that you should be aware of, and costs involved.

Business rescues are already underway.  Either extension to appoint a business rescue practitioner is granted by CIPC, or CIPC licenses business rescue practitioners on an interim basis.

 

 


Search CRS Business Rescue

Loading

Share this page on your Scribd profile

Post this to Scribd

Profiles:

Facebook: Jan van der Walt - Senior Business Rescue Practitioner

Twitter: Jan van der Walt

Linkedin: Jan van der Walt

Google+: Jan van der Walt

TMA-SA: Jan van der Walt

Business Live: Jan van der Walt

Visible.me: Jan van der Walt

ZoomInfo: Jan van der Walt

Plaxo: Jan van der Walt

 

Follow TurnaroundMuse on Twitter

 

AddThis Social Bookmark Button

Bookmark me using any bookmark manager.