Overview   

Many enterprises have recently filed for voluntary business rescue. Notable examples are SAA, SA Express, Edcon, Ster-Kinekor, and Comair. Although the COVID-19 national lockdown had some part to play in this situation, these business were already financially distressed pre-lockdown. 

The accountant is usually the first person to see that their client's business is facing financial problems. He or she should be able to determine whether the business is factually insolvent or financially distressed.  This "discovery" should then be guided by the Companies Act as far as duties and obligations are concerned in this regard.   

Business rescue is now an established area of specialisation and qualifying accountants can become registered business rescue practitioners who can be engaged by financially distressed businesses to "rescue" these businesses from their impending demise.  

Join Caryn Maitland CA(SA), RA on 14 July 2021 from 10:00 a.m. to 12:00 p.m. as She unpacks the topic of business rescue including how you can become a registered business rescue practitioner in South Africa.   

Learning objectives  

By the end of this webinar the attendee should: 

• Understand business rescue in its full context; 

• Understand financial distress vs going concern; 

• Understand business rescue proceedings; 

• Understand the roles, rights and responsibilities of stakeholders; and  

• Know how to become a licenced business rescue practitioner.   

Content 

The webinar will cover the following topics:  

• What is business rescue?  

• The business rescue test. 

• To rescue or to liquidate?   

• Business rescue proceedings.     

• Stakeholders' rights, roles and responsibilities.   

• Voluntary vs involuntary winding up of a company. 

• Deregistration of a company. 

• Becoming a licenced business rescue practitioner.    

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the presenter 

Wayne Clark BAP(SA) 

Wayne Clarke has been involved in turn around management since 2007. He became a licenced business rescue practitioner in 2016. His other qualifications include Business Rescue Law and Business Administration & Management. 

Wayne's experience is both local and international. He has a strong passion in assisting SMEs with profitability and cash flow constraints to overcome their problems and return to financial viability. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Business rescue practitioners; and 

• Trainee accountants. 

Price              

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.