TMA-SA knowledge base

Turnaround knowledge base purpose

Part of TMA-SA's mission is to capture and distribute information, ideas and knowledge on the turnaround business by serving as a clearinghouse of information and research pertinent to the turnaround business.

Business rescue knowledge base

• Business rescue in South Africa provides a summary of academic business rescue knowledge on the context of business rescue.
• The context of business rescue legislation addresses the objective and goals of business rescue, justification of business rescue, business rescue and the timeline of financial distress, business rescue versus workout, and business rescue resolution (business rescue success rates and factors influencing success).
• Business rescue process from commencement to termination, including timeline analysis.
• Business rescue plan.
• Business rescue practitioner's appointment, removal, regulation, qualifications, tariff of fees, claims ranking, powers, duties, responsibilities and liabilities.
• Implications for stakeholders:
  • Implications for directors.
  • Implications for affected persons.
  • Implications for shareholders.
  • Implications for creditors.
  • Implications for employees.
• Characteristics of Chapter 6 business rescue.
• Critical assessment of business rescue - how Chapter 6 stacks up against business rescue legislation in other jurisdictions, strengths and weaknesses.
• History of Chapter 6.
• Business rescue legislation list the contents of Sections 128 to 155 of Chapter 6 of the Companies Act, 2008.
• Business rescue regulations list the contents of Regulations 129 to 135 of Chapter 6 of the draft Company Regulation, 2010.  The two regulations of most interest to members are:
• Qualifications for person to be appointed as practitioner.
• Tariff of fees for practitioners.
• Business Rescue Practice Regulatory Board - a summary of Regulations 129 to 132 dealing with the regulator of business rescue practitioners.
• King III business rescue recommendations is a summary of the view of the King III Commission on Governance on Chapter 6 of the Companies Act, No. 71 of 2008.

Turnaround knowledge base - articles and papers

Journal of Corporate Renewal (sign in with your TMA ID number that you received when you registered as a member).   The JCR contains a large number of turnaround-related articles each month, and although sometimes USA-centric, they do have relevance to turnaround and business rescue in South Africa.

Turnaround Management Forum - An USA discussion forum.

Turnaround knowledge base - links

The TMA contains a substantial knowledge base of turnaround management articles.

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