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TMA SA Newsletters

  • 13
  • Dec
By Elmar Burger, Regional Convenor at TMA-SA NAMIBIA The TMA-SA’s Namibian Region was launched last month in Windhoek by the TMA-SA Chairman Alastair Macduff and CEO Bruce Berry. The initiative for the launch was coordinated by me, Elmar Burger, an existing TMA-SA member who re-located to Windhoek six months ago.…
  • 24
  • Nov
By: Patience Katiyo, Legal Intern at Gottschalk Attorneys The recent South African High Court decisions in Misty Blue Investments (Pty) Ltd, Personify Investments (Pty) Ltd and Huntrex 302 (Pty) Ltd considered the following: 1. the requirement of reasonable prospect of rescuing the company in financial distress in terms section 131(4)(a)…
  • 24
  • Nov
By Bruce Berry, CEO of TMA-SA The approaching festive season and end of the year provides the opportunity for some reflection. After a somewhat lockdown-induced, subdued holiday season last December, it has been encouraging to see the roll out of the Covid-vaccinations during the latter part of the year and…
  • 27
  • Oct
By Tiaan Herbst, Marketing Director at TMA-SA Recent systemic crises [COVID-19, State Capture, VBS Bank] have underlined how widespread, severe weaknesses in South Africa’s corporate finance and governance, combined with inappropriate macro-economic policies or a sudden loss of confidence, can have unforeseen and extremely serious consequences for the economic and…
  • 26
  • Oct
By Njabulo Kubheka of Gottschalk Attorneys and Practice Note Committee Member Introduction Section 133 of the Companies Act, 71 of 2008 (“the Act”), states that no legal proceedings against the company, or in relation to any property belonging to the company, or lawfully in its possession, may be commenced or…
  • 26
  • Oct
By Bruce Berry, CEO of TMA-SA The recent relaxation of the lockdown restrictions has resulted in an upsurge in travelling for some South Africans, with many making plans for the festive season. In addition, the government’s recent introduction of an electronic COVID Vaccination Certificate and the country being removed from…
  • 29
  • Sep
By Pat Pattinson, TMA-SA COO, “Business Rescue is not a team sport, nor is it a game played around boardroom tables using PowerPoint presentations or Excel sheets. It is a war, fought at ground level where instructions need to be followed by those being held accountable.” Pat Pattinson The concept…
  • 29
  • Sep
By Bruce Berry, CEO of TMA-SA Thankfully the country has now moved to Lockdown Level 2 and with spring in the air, there seems to be a general lightening of moods as we now head toward the end of the year. The Monetary Committee of the Reserve Bank has decided…
  • 26
  • Aug
By Bruce Berry, CEO of TMA-SA Well, here we are at the end of winter already. Will it be remembered as South Africa’s “Winter of Discontent”? In purely economic terms, the hard lockdown in 2020 was probably worse as the overall GDP growth in 2020 was -7,0%. The forecast for…
  • 29
  • Jul
Meet TMA-SA member - Amanda Pyne-James, TMA-SA Chapter Administrator Looking back at your youth… I was born in Johannesburg and grew up in Bryanston, but spent my school years at Eunice Girls School in Bloemfontein. After matriculating I achieved a Diploma in Administration and Event Management. I am an entrepreneur…
  • 29
  • Jul
Meet TMA-SA member - Refilwe Ndlovu, Business Rescue Practitioner at Chrisyd Advisory Services Tell us a bit about your childhood I was born and raised in Soweto. I grew up in a warm family environment with little financial resources but lots of love, laughter, and support. Growing up in the…
  • 29
  • Jul
By Bruce Berry, CEO of TMA-SA They say a week is a long time in politics … so the last month must have felt like an eternity for South African politicians! It certainly was tumultuous and a month which certainly changed the political dynamics in this country. The effects of…

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