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Business Rescue Specialist

Get authorised to perform business rescues in terms of the Companies Act, 2008.

R 2500
Category Licence
Accredited SAIBA
CPD Hours 70
Effort 3 month's study, 6 hours per week
Duration 80 hours
Format Self-study
Level NQF Level 6
Assessment Yes
Supervised No
Pre-Entry No
Tuition Optional
Study Material Yes

What you will learn

As a SAIBA licensed practitioner you will:

  • Be equipped with the necessary skills to fulfil their statutory duties in accordance with the letter of the law.
  • Be guided on how to advise and protect the interests of directors, creditors, shareholders or employees of a company in financial distress.
  • Understand and practically apply the provisions of the Companies Act pertaining to all legal aspects of business rescue.
  • Be able to register with the CIPC as a Business Rescue Practitioner

*SAIBA provides guides that are available as part of your preparation. Any recommended textbooks and webinars are an additional cost for your own expense. 

Study Units

Option available for companies with financial problems

Concept of business rescue and applicable definitions

Requirements for commencing business rescue

Financial distress

Reasonable prospect of rescue

Procedures

Setting aside the resolution or appointment of the business rescue practitioner (BRP)

Requiring security from the BRP

Application by affected person

The order commencing business rescue proceedings

General moratorium on civil legal proceedings

Protection of company assets

Employment contracts and employees

Uncompleted contracts

Post-commencement finance

Ranking of claims

Shareholders

Directors

Creditors

Appointment

Qualifications

Membership of accredited profession or licenced to act

Not subject to order of probation

Not disqualified from acting as the company director

No compromising relationship with company

Not related to a person with a compromising relationship

Removal and replacement

Powers, duties and liabilities of the business rescue practitioner

Remuneration

Introduction

Prescribed contents

Publication of the plan

Meeting to consider the business rescue plan

Effect of the approval of the plan

Effect of the rejection of the plan

Three month deadline

Conversion to liquidation proceedings

Application to court

What is a compromise

Information to accompany a proposal of compromise

Additional requirements

Requirements

The entry requirements for the licence is a BAP(SA) or an equivalent designation at NQF level 7, together with a minimum of 8 years of relevant experience.

Description

As specialist in Business Rescue you will stand out from the crowd, be able to attract more clients and earn a higher income.

The Companies Act no 71 of 2008 now allows accountants to become Business Rescue Practitioners, opening up a new revenue stream for their businesses. However, this is a specialist area and require evidence that you have mastered the subject area and will be able to deliver quality work as a Business Rescue Practitioner (BRP). The SAIBA Licence: Business Rescue Practitioner provides evidence of your competence in this specialist area.

Download the Prospectus

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