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Turnaround Management Association Southern Africa

Over the past 10 years, the South African economy has faced significant challenges when it comes to growth. While the rest of the world, including many African states, has achieved growth rates in excess 3% per annum, South Africa is struggling to kick start our economy with growth failing to reach even the 1,0% mark.

This has put significant pressure on companies. Many companies have been put into business rescue in an effort to keep the doors open and keep staff gainfully employed. This has raised the profile of  turnaround practitioners who become vital lifelines for companies struggling to survive in a tough and changing economic environment.

This impacted both private companies and State-Owned Companies like South African Airways and SA Express which have been put into business rescue to give them a much-needed lifeline. 

The Turnaround Management Association of Southern Africa (TMA-SA) is an organisation that represents and promotes the interests of the business turnaround industry while engaging with relevant stakeholders to the benefit of the South African economy.

Over the years, the TMA-SA has worked hard to become the leading industry association when it comes to business turnaround by supporting its members and providing them with key skills such as knowledge, key expertise and experiences from key business rescues that would benefit members in future rescues.

Vision
The TMA-SA's vision is to become the industry leading association when it comes to turnaround management.

Further, the TMA-SA needs to build a platform where professionals can engage with each other and share industry knowledge, maintain high ethical standards, market their services and contribute towards the development of the profession.

Member focus
TMA-SA members are accredited professionals and their services and talents increase the chances of distressed companies successfully navigating the corporate renewal process.

The TMA-SA prides itself on having a diverse membership base that is made up of some of the best business turnaround skills that can be found in the industry. TMA-SA members are turnaround professionals who offer their services to assist underperforming businesses on their road to recovery. TMA-Sa members also serve key industry stakeholders that have an interest in the profession of turnaround management. This includes academics, members of the public sector, governing bodies, and financial institutions.

As turnaround professionals, TMA-SA accredited members use their professional expertise, experience and knowledge to implement business turnaround and all the disciplines included in that. The organisation acts as a platform for collaboration for and networking between members.

“Business turnaround practitioners play an important role in the economy as the saviours of companies who play a vital role in the country’s economic development. South Africa is at a crossroads when it comes to economic development and any assistance that companies can get will play a vital role in the growth of our economy. The TMA-SA is perfectly positioned to be the industry association of choice when it comes to finding business turnaround practitioners who can sit with companies and guide them through this process,”- Bruce Berry, TMA-SA CEO.

The Latest Articles

  • TMA SA attends first CIPC BRLC Meeting
    A step towards possible reform As the country emerges out of the Covid-19 lockdown, it is evident that many companies were not able to survive the almost six-month period of limited income. Some industries never had any income at all until the announcement of Level 1 restrictions. This has placed…
  • TMA SA Press Release 9 September 2020
    Dear TMA-SA Member.The TMA-SA is a member of the Business Rescue Liaison Committee (BRLC) of the Companies and Intellectual Property Commission (CIPC).The BRLC has established a sub-committee to consider and make recommendations to the Department of Trade and Industry (DTI) on amendments to Chapter 6 of the Companies Act.The TMA-SA…
  • Questions raised over business rescues during lockdown
    After a month in lockdown, the Companies and Intellectual Property Commission (CIPC) sent out a notice on 4 May that the CIPC will be incrementally ramping up operations from 6 May in line with stipulations provided by Government. Further, the CIPC will start working with a reduced workforce in line…
  • Bank guarantee scheme to bridge finance the economy
    Many businesses have had cash flows substantially diminished because of the lockdown and wider economic disruption from Covid-19. These businesses, that would be viable were it not for Covid-19, require urgent funding to bridge them to the other side of the crisis. Failure to support them will lead to widespread…

TMA-SA NextGen

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.

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