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Turnaround Management Association Southern Africa

TMA SA is a forum for professionals from all disciplines engaged in the corporate renewal activities of business transformation, turnaround and business rescue. The TMA has 55 Chapters worldwide.

business rescue practioner directory

Need a Business Rescue or Turnaround practitioner?

View our directory of TMA SA members.

TMA SA Vision Mission and Values

Vision Mission and Values

Find out more about the Turnaround Management Association SA

NextGen The Next Generation of the TMA

NextGen Next Generation of the TMA

Young professionals segment of the TMA

TMA SA 2016 Award for Operational Excellence

Operational Excellence

TMA SA receives international award for Operational Excellence

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What is the TMA SA?

Find out more about Turnaround Management Association of Southern Africa

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Are you a Business Rescue practitioner?

Business Rescue practitioners join the TMA.

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Need a Business Rescue or Turnaround practitioner?

View our directory of TMA SA members.

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Do you want to work in Business Rescue?

Get in touch for more information.

 

TMA-SA NextGen

The Latest Articles

  • New path being forged for business rescue in South Africa
    Group Five creditors committee independent chairperson a first for the country. Haroon Laher of law firm Fasken, who is the independent chairperson of Group Five’s committee of creditors in the company’s business rescue process, is helping to forge a new path for business rescues in South Africa.Laher is the first…
  • Hamleys SA toy chain saved
    New owners aim to recapitalise and stabilise the business, while former owner faces fraud charges. Christmas has come early for Hamleys South Africa – the local franchise operations of the world’s oldest toy store chain – as it has been saved through the business rescue process after facing closure earlier…
  • Upward trend in liquidations shows an economy heading deeper into trouble
    Clothing retailer Edcon narrowly avoided liquidation early in 2019 when its creditors and landlords threw it a R2.7bn lifeline. It was too big to fail because its collapse would have put 140,000 jobs on the line. Similarly, business rescue practitioners are working around the clock at construction firm Group Five…
  • Boundaries within boundaries: Identifying the boundaries facing private firms that are in financial distress
    Delay in cognition by management is likely to see a firm’s distress worsening and the turnaround potential of a firm eroded. This inertia and resistance to change are further likely to result in antecedents absent in the required cognition of distress to trigger turnaround actions.

Frequently Asked Questions

Who is the TMA SA for?
TMA SA is a voluntary association providing a forum for professionals from all disciplines engaged in the corporate renewal activities of business transformation, business turnaround and business rescue.
What are the benefits of membership?
TMA SA affords members numerous benefits including networking opportunities, events, knowledge, education and promotion of professionals operating in the business rescue and turnaround.
Is TMA in other countries?
The Turnaround Management Association - Southern Africa (TMA-SA) is an international affiliate of the Turnaround Management Association (TMA). TMA-SA members share in knowledge exchange and networking with TMA.
Does TMA SA have a Code of Conduct?
The TMA SA Code of Professional Conduct covers a wide range of business practices and procedures and sets out basic principles to guide all members and officers of the Company.
How do I regsiter for membership?
Complete and submit the electronic Membership Application form. If you have any further questions you are welcome to contact the Administrator for details about registration.
Is Accreditation necessary?
In terms of Sec 138(1)(a) of Chapter 6 of the Companies Act (Act. No. 71 of 2008 as amended), all business rescue practitioners must be a member in good standing of a legal, accounting or business management profession accredited by the Companies and Intellectual Property Commission (CIPC).
Does TMA SA have a CPD Policy?
Yes. The objective of CPD is to assist practitioners to develop and maintain professional competence in order to ensure practitioners conduct themselves in such a manner that transactions for his or her customers, clients and employer/stakeholder are of high quality and in the public’s interest.

Membership by Professions

Consultants39%
Lenders28%
Legal7%
Investors7%
Insolvency6%
Academic6%
Interim Management3%
Corporate Turnaround Managers2%
Managers2%

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