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TMA-SA CEO Insights January 2021

 

Welcome to the first issue of Your Perfect Practice for 2021.   

Last year was a real rollercoaster which had a dramatic impact on us all at various levels.  I hope that you managed to have a well-earned break over the Festive Season and that you are now refreshed and ready to tackle whatever 2021 throws at us!

This short-term prognosis suggests that this year is not likely to go any better than the last, and much of the economic fallout as a result of the lockdown will start to be felt. Government has already indicated that the constraints on the fiscus are such that there cannot be any extension to the Covid relief package. Many commentators are predicting on the need to raise taxes… both of which will have further negative impacts on the economy. As we have mentioned many times before, this provides turnaround specialists and business rescue practitioners with some unique opportunities. Now, more than ever, this skill set is needed to preserve and maintain corporate value wherever possible. As the saying goes, every cloud has a silver lining, so it is my sincerest hope that our TMA members can make the most of these opportunities - not only for their well-being but also for the country as a whole.

We are living in very stressful times so I would also like to take this opportunity to remind members to take good care of their emotional and spiritual well-being as they navigate the demands placed upon them. TMA-SA will continue to act in the best interest of members and provide support and resources where we can. A calendar of activities and events for 2021 will be distributed shortly but, in the meantime, please keep in touch via our official social media platforms - Facebook and LinkedIn.

All the best for 2021 and remember to please take care and keep safe. 

Bruce Berry, CEO: TMA-SA

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