Robert Appelbaum
Director: G&A Compass Publishing and Training (Pty)Ltd

Robert Appelbaum (BA, LLB) is a partner in one of South Africa’s  largest and best-known law firms.

He specialises in mergers and acquisitions, restructurings, business rescues, joint ventures and other corporate transactional work and has advised a substantial number of Asian-owned multinational companies in relation to their expansion into Africa. Robert has significant experience in the mining, infrastructure, power, oil and gas, construction, financial services and healthcare sectors in Africa.

He was Honorary Business Representative for the Middle East and Africa Group for International Enterprise Singapore; the government agency driving Singapore’s external economy. He is a director of the Centre for Indian Studies at the University of the Witwatersrand and an accomplished international speaker on the topic of doing business in India.

Robert is the co-author of two books – “Public Offerings of Company Securities”; and “G&A Compass Methodology to Business Rescue and Compromise Offers”.

Pamela Woltersdorf
Director: G&A Compass Publishing and Training (Pty)Ltd

Pamela Woltersdorf, the COO of flwpx, holds a honours degree in Accountancy and has over 30 years of experience in the computer software and hardware industry. She helped to develop the concept of creating an integrated system to combine the facilities of off-line documents with diverse functionality and is currently involved in the testing and configuration of the product. She has extensive skill and experience in project management, scheduling and resource control, and is responsible for the integration of the Flwpx platform.

Her knowledge of the complex clauses in chapter 4 of the Companies Act dealing with Public Offerings (Prospectus) allowed her to publish and have a prospectus approved in a record time of 2 weeks.

She has successfully co-ordinated several business rescues over the last four years, and has specialized in the collation of data and publication of complex business plans leading to acceptance and implementation in all cases.

Pamela has been indispensable to the process of developing spreadsheet models for the derivation of business rescue indicators, and the integration of these models into a software product for real-time management.

John Henning
Director: Sagacity Corporate Services (Pty)Ltd

John Henning (CA, Grad CIS) is a senior audit partner with more than 30 years experience. Apart from his qualification as a Chartered Accountant, he also completed post graduate courses in Deceased and Insolvent Estates, Negotiations and Due Diligence and Business Rescue. John has been a registered Senior Business Rescue Practitioner since 2011. He is also a Registered Auditor and Tax Practitioner.

Through his long career, John has built up extensive knowledge in numerous areas of business practice, notably: Acquisitions, disposals, mergers, valuations, negotiations with buyers and sellers of companies, corporate commercial law, due diligences, forensic audits, company administration procedures, and company secretarial work. He also has extensive knowledge of and experience with labour legislation, corporate governance as well as mediation and arbitration proceedings.

If your business’ rescue is in John’s hands, you can be assured that the business is in the hands of a man for whom integrity is very important; a dedicated, knowledgeable professional, well versed in every relevant aspect of the process.

Barry du Toit
Director: Sagacity Corporate Services (Pty)Ltd

Barry du Toit (B.Compt Hons, CA) has been practicing as a business rescue practitioner since 2017.

After qualifying as a Chartered Accountant in 1984, Barry founded a number of successful businesses in the manufacturing sector. Through various acquisitions and mergers, he became Financial Director of the largest Plastics Extrusion company in Africa. He continued expanding his business interests until 2012, when he retired from the corporate sector.

Barry then pursued a career in financial services consulting, with a particular focus on the Theory of Constraints. Theory of Constraints (ToC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. Barry has successfully used this methodology to improve processes that led to desired outcomes for stakeholders. He is very passionate about this subject.

Barry is highly skilled in all aspects of corporate finance, and his keen eye for detail ensures that business rescue matters are handled with care and diligence.

Hermann Woithe
Business Development

Hermann Woithe (B.Com) joined G&A Compass Associates after a successful career in the telecommunications industry.

Hermann has a particular interest in the interplay between strategy and culture. His leadership of Internet Solutions Mozambique led to the company winning the award of national Internet Service Provider of the year, five years running. The company achieved a 43% CAGR over the same period. His strategic eye for detail has been the key to unlocking investments in excess of R450m over the last ten years, that led to above average financial results for shareholders.

His ability to see the big picture, and then break it into actionable pieces, ensures that teams buy into the vision. This creates a highly productive environment, where people feel safe to take creative risks. This is the “secret sauce” of creating disproportional value for all stakeholders on a project.

Hermann looks after the business development function for G&A Compass Associates.

Aubrey Thomas
Projects

Aubrey Thomas (Dip Eng, Dip Datametrics) joined G&A Compass Associates after a career of 20 years in the manufacturing sector of which 10 were in a Technical Director capacity, followed by a further 20 years of consulting in the field of international Project Management.

Aubrey’s specialty lies in the rescue of projects in difficulty, which he has successfully done in the Philippines, Indonesia, Russia and a number of African countries. Intervening in projects that are typically underfunded and mismanaged, he reconfigures failing processes and negotiates client buy-in to drive the project to completion. He now brings this experience and ability to the field of Business Rescue.

Konrad Gothe
Corporate Governance

Konrad Gothe (LLB, Grad ICSA) ensures that all legal matters are attended to during a business rescue operation.

After completing his LLB degree at the University of Pretoria, he was admitted as an Attorney of the High Court of South Africa, with right of appearance, in 2016. Konrad also became a Registered Company Secretary, after completing the prescribed examination with Chartered Secretaries Southern Africa in 2019.

Konrad has successfully operated two independent private law firms as Director and his areas of expertise include litigation in the High Court, Supreme Court of Appeal, Constitutional Court and Tax Court. Konrad is furthermore well versed in CIPC compliance, drafting of commercial agreements, Corporate Governance and of course Company Secretarial work.

At G&A Compass Associates, Konrad ensures that all agreements affected by the process are interpreted correctly, and that affected parties are treated in accordance with the provisions of Chapter 6 of the SA Companies Act, No 71 of 2008, as amended.

 Clive Thomas
Technical

Clive Thomas (B.Sc Hons) contributes the technical excellence to the project. He holds a honours degree in computer science (cum laude) and his extensive experience in and knowledge of the software domain has allowed him to create a ground-breaking product called FLWPX. FLWPX is a publication ecosystem. For business rescue, it was customised to reflect the obligations of Chapter 6 of the SA Companies Act. It is used in this capacity to ensure full compliance during business rescue engagements.

Clive has been involved in software analysis and design for over 30 years, and specializes in compilers, parsers, database engines and state machines. He has personally developed over 1,000,000 lines of source code, and has been responsible for projects of significant scale and complexity. He has worked in 16 programming languages and has managed teams of 10 and more people in projects as diverse as real-time radar, helicopter man-machine interface and precious metal refining.

His expertise in database and numeric analysis formed the basis for a product which allows real-time derivation of derivative results and graphs from multiple inputs, as required for monitoring and management of a business rescue turnaround.

Karl Gribnitz
Author, Consultant

Karl Gribnitz (M.Com, FCIS, FCIBM) holds a master’s degree in finance and is a Fellow of the Institute of Company Secretaries. He has been involved in 42 business rescues as practitioner or advisor and has restructured 73 businesses as a principal since 1995.

Karl was involved with restructuring public companies listed on the JSE since 1999. By serving on various boards in various roles varying from Company Secretary to Chairman he has gained extensive practical experience in corporate governance and dealing with board matters.

He has written various papers on the time and financial consequences of turnarounds, and is the co-author of a number of books and articles, notably Business Rescue and Compromise Offers (Chapter 6 of the SA Companies Act) and Public Offering of Company Securities (Chapter 4 of the SA Companies Act).

Karl also developed a mathematical framework to measure the future implications of economic cycles and turnarounds.