Description
Business Profile
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
BUSI NESS PROFI LE
NATURE OF BUSINESS
Bethanie Management Consulting assists businesses and organizations to reach their full potential by
improving profitability and cash flow; increasing market share; generating superior shareholders returns
and enhancing the efficiency and effectiveness of operations.
We specialize in accounting, finance, tax, business and management advisory such as strategy
development; business turnarounds, restructuring and workouts; transaction support services such as
due diligence investigations and valuations.
We are also specialists in the placement of accounting and finance professionals.
The business is 100% black owned.
VISION
To create value for all stakeholders.
MISSION
To provide innovative and value adding business support to clients in order to improve the efficiency
and effectiveness of their operations and unlock and grow shareholder value.
VALUES
? Integrity – uphold high levels of integrity and honesty and maintain trustworthiness,
? Respect – treat with dignity and show respect for employees, clients and other people,
? High standards – constantly raise standards of performances and conduct to provide high quality
services,
? Teamwork – create and nurture a culture of teamwork,
? Continuous development – continuously develop knowledge, skills and capabilities in order to
render value adding services to clients,
? Professionalism – display high levels of professionalism,
? Superior customer services – create significant value for clients,
? Speed – reduce turnaround times of services, projects and produce outputs and results speedily,
? Innovation – embrace continuous change, encourage innovation and creativity in order to generate
new ideas, products and services and to continuously improve operations, client services,
leadership.
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
BENEFITS THAT OUR VALUE ADDING SERVICES PROVIDE
Our firm, Bethanie Management Consulting (BMC), will:
? guide your business to evolve from struggling to survive to sustainable, long term growth;
? guide you to develop a robust and financially healthy business;
? assist you to comply with Companies Act - 2008, International Financial Reporting Standards (full
IFRS and IFRS for SME’s), taxation laws and other regulations and laws;
? guide you to manage and control business risk.
Our business solutions are tailor-made, innovative, sustainable and integrated. These solutions have
the following features and benefits:
? improve liquidity and cash flow,
? enhance profitability and return on investments,
? reduce operational cost,
? improve access to low cost financing,
? increase market share,
? improve efficiency and effectiveness of operations and,
? generate superior shareholder returns.
OVERVIEW OF BUSINESS
The business environment is becoming more complex, volatile and uncertain. Accounting standards are
continuously changing as new accounting frameworks that are in line with international practices are
adopted as best practice. The regulatory environment is also changing such as the new Companies
Act, 2008, Consumer Protection Act, 2008, National Credit Act, 2005, Public Finance Management Act,
1999, Labour laws. Tax laws are becoming increasingly complex, clients are demanding new services
of exceptional quality, competition is growing and getting tougher at a phenomenal rate, the skills
shortage is growing, etc.
We have an excellent understanding of these challenges and complexities and will guide organizations
to capitalize on these complexities and challenges in order to unlock shareholder value for them.
Our major strengths are the following:
? Our business methodology includes the thorough understanding of the client’s specific industry,
business, objectives, strategies, needs, processes and policies in order to provide innovative
business solutions that support overall business strategy,
? We are a member of the SA Institute of Chartered Accountants, a world class, premier accounting
body,
? We are committed to the values of honesty, integrity, reliability, objectivity, accuracy and
transparency,
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
? We send out regular newsletters that keep clients abreast of changes in the business environment
and developments in specific disciplines that could assist SME’s to make better and informed
decisions,
? We have over 16 years experience in the services we provide,
? We train and develop our staff on an ongoing basis and conduct regular researches to ensure that
our skills and competencies remain world class in order to provide our clients with innovative
business solutions,
? We have teamed up with alliance partners with specialised skills that can provide other services
such as information technology, marketing and industry specialization, corporate law and human
resources management should the need arises.
SERVICES THAT WE OFFER
a) Financial management and restructuring,
b) Design and implementation of systems of internal controls, business and financial processes,
c) Risk management and control,
d) Preparation of annual financial statements in accordance with IFRS, IFRS for SME’s, GRAP,
Companies Act, Public Finance Management Act,
e) Taxation planning and advice including completion and submission of annual tax returns,
provisional tax, PAYE, VAT, STC returns and documents and attending to tax related queries,
f) Accounting and bookkeeping services,
g) Independent review of annual financial statements in terms of the Companies Act, 2008,
h) Preparation of profit and cash flow forecasts,
i) Financial due diligence investigations for mergers and acquisitions (M&A),
j) Valuation of businesses for M&A, financial reporting, tax and planning purposes,
k) Structuring of deals including leverage buyouts for private equities and M&A,
l) Strategy development and implementation,
m) Compilation of business plans to raise finance,
n) Business turnaround management, workouts, restructuring and business rescue,
o) Project finance and raising of finance,
p) Recruitment and placement of finance and accounting professionals.
BUSINESS PARTNERS
We have previously partnered with the following major companies:
? IBM, Deneys Reitz, PB Power, PriceWaterhouseCoopers, Sihlali Molefi Inc and Denton Wilde
Sapte (UK) to provide transaction advisory services to the Department of Minerals and Energy
on the Independent Power Purchase Project (NewGen Project),
? Business Partners for mentor and management advisory services to its clients,
? Deloitte for management advisory services to its clients including Mercantile Bank,
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
? Ernst & Young for management advisory services to its clients including SA Breweries-Packing
division,
? Labat Africa Ltd for financial reporting in terms of international financial reporting standards and
conducting due diligence investigation in order to make an acquisition,
? Legal Aid Board to assist CFO with financial management services.
We are currently sitting on the panel of restructuring and workout solutions of the Industrial
Development Corporation of SA Ltd. Our purpose is to assist distressed clients of the IDC with
turnaround, workout, business rescue and financial restructuring.
We are also on IDC’s panel of preferred service providers for the business support programme (BSP).
The aim of the BSP is to promote the long-term viability and sustainability of IDC-funded businesses
and the promotion of entrepreneurship through consultancy services and training.
PROFILE OF OUR CHIEF EXECUTIVE OFFICER
Our Chief Executive Officer, Virgil Bethanie, has an Honours BCompt degree and is an associate of the
SA Institute of Chartered Accountants. He has completed his articles/accountancy training with
PriceWaterhouseCoopers, one of the BIG 4 accounting firms, in 1994. After leaving the audit
profession, he worked for various companies as accountant, financial manager, chief financial officer
and management consultant, respectively, over a period of 16 years, in industries such as freight,
logistics and transport, fast moving consumer goods (FMCG), manufacturing, property, financial
services and public sector.
He has strong skills, experience and training in the following areas: financial and risk management;
financial reporting; reviews of annual financial statements; auditing; financial due diligence; valuations
of businesses, unlisted equities and financial instruments; business rescue, restructuring, turnaround
and workouts; raising of financing; compilation of business plans; strategy development and
implementation; business processes and systems development and implementation; SME support and
development.
He also has experience in implementing and working on the following ERP and accounting systems:
? Oracle
? SAP
? ACCPAC
? Syspro
? Pastel Evolution
? Pastel Accounting
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
In 2004 Virgil was on the commercial team that was part of the transaction advisory consortium to
advise the department of minerals and energy on the Independent Power Purchase Project (NewGen
Project).
Virgil was a judge in 2006 in the business plan competition hosted by Enablis, First National Bank and
Microsoft. He was responsible for evaluating entrants' business plans to determine whether the
proposed businesses are viable and will attract investors and financiers.
His major achievements at the various organizations he worked for and rendered services to are as
follows:
? Developed and implemented new systems of internal control, budgeting and forecasting systems,
new financial processes and supply chain management systems,
? Developed and/or implemented new management information systems that enabled management
teams to manage and control the core activities of the organizations, revenues, expenses, cash
flows and performances and financial position,
? Turnaround and developed world class finance departments,
? Developed risk management structures and systems to manage and control identified risks,
? Developed financial strategies to support developed business strategies,
? Proactively supported senior management teams by providing value adding financial and business
input in all major business decisions,
? Developed and implemented a competitive business strategy,
? Developed and implemented performance management frameworks, structures, policies and
processes,
? Restructured and turnaround distressed businesses,
? Raised funding for new projects, performed valuations of businesses, conducted financial due
diligence investigations for mergers and acquisitions deals and optimally structured such deals.
His contact details are as follows:
? Mobile: 072 296 1281
? Office: 011 042 9768
? Email: [email protected]
? Fax: 0866 544 889
For more information about our services, please visit www.bethanieconsulting.co.za
doc_220710443.pdf
Business Profile
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
BUSI NESS PROFI LE
NATURE OF BUSINESS
Bethanie Management Consulting assists businesses and organizations to reach their full potential by
improving profitability and cash flow; increasing market share; generating superior shareholders returns
and enhancing the efficiency and effectiveness of operations.
We specialize in accounting, finance, tax, business and management advisory such as strategy
development; business turnarounds, restructuring and workouts; transaction support services such as
due diligence investigations and valuations.
We are also specialists in the placement of accounting and finance professionals.
The business is 100% black owned.
VISION
To create value for all stakeholders.
MISSION
To provide innovative and value adding business support to clients in order to improve the efficiency
and effectiveness of their operations and unlock and grow shareholder value.
VALUES
? Integrity – uphold high levels of integrity and honesty and maintain trustworthiness,
? Respect – treat with dignity and show respect for employees, clients and other people,
? High standards – constantly raise standards of performances and conduct to provide high quality
services,
? Teamwork – create and nurture a culture of teamwork,
? Continuous development – continuously develop knowledge, skills and capabilities in order to
render value adding services to clients,
? Professionalism – display high levels of professionalism,
? Superior customer services – create significant value for clients,
? Speed – reduce turnaround times of services, projects and produce outputs and results speedily,
? Innovation – embrace continuous change, encourage innovation and creativity in order to generate
new ideas, products and services and to continuously improve operations, client services,
leadership.
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
BENEFITS THAT OUR VALUE ADDING SERVICES PROVIDE
Our firm, Bethanie Management Consulting (BMC), will:
? guide your business to evolve from struggling to survive to sustainable, long term growth;
? guide you to develop a robust and financially healthy business;
? assist you to comply with Companies Act - 2008, International Financial Reporting Standards (full
IFRS and IFRS for SME’s), taxation laws and other regulations and laws;
? guide you to manage and control business risk.
Our business solutions are tailor-made, innovative, sustainable and integrated. These solutions have
the following features and benefits:
? improve liquidity and cash flow,
? enhance profitability and return on investments,
? reduce operational cost,
? improve access to low cost financing,
? increase market share,
? improve efficiency and effectiveness of operations and,
? generate superior shareholder returns.
OVERVIEW OF BUSINESS
The business environment is becoming more complex, volatile and uncertain. Accounting standards are
continuously changing as new accounting frameworks that are in line with international practices are
adopted as best practice. The regulatory environment is also changing such as the new Companies
Act, 2008, Consumer Protection Act, 2008, National Credit Act, 2005, Public Finance Management Act,
1999, Labour laws. Tax laws are becoming increasingly complex, clients are demanding new services
of exceptional quality, competition is growing and getting tougher at a phenomenal rate, the skills
shortage is growing, etc.
We have an excellent understanding of these challenges and complexities and will guide organizations
to capitalize on these complexities and challenges in order to unlock shareholder value for them.
Our major strengths are the following:
? Our business methodology includes the thorough understanding of the client’s specific industry,
business, objectives, strategies, needs, processes and policies in order to provide innovative
business solutions that support overall business strategy,
? We are a member of the SA Institute of Chartered Accountants, a world class, premier accounting
body,
? We are committed to the values of honesty, integrity, reliability, objectivity, accuracy and
transparency,
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
? We send out regular newsletters that keep clients abreast of changes in the business environment
and developments in specific disciplines that could assist SME’s to make better and informed
decisions,
? We have over 16 years experience in the services we provide,
? We train and develop our staff on an ongoing basis and conduct regular researches to ensure that
our skills and competencies remain world class in order to provide our clients with innovative
business solutions,
? We have teamed up with alliance partners with specialised skills that can provide other services
such as information technology, marketing and industry specialization, corporate law and human
resources management should the need arises.
SERVICES THAT WE OFFER
a) Financial management and restructuring,
b) Design and implementation of systems of internal controls, business and financial processes,
c) Risk management and control,
d) Preparation of annual financial statements in accordance with IFRS, IFRS for SME’s, GRAP,
Companies Act, Public Finance Management Act,
e) Taxation planning and advice including completion and submission of annual tax returns,
provisional tax, PAYE, VAT, STC returns and documents and attending to tax related queries,
f) Accounting and bookkeeping services,
g) Independent review of annual financial statements in terms of the Companies Act, 2008,
h) Preparation of profit and cash flow forecasts,
i) Financial due diligence investigations for mergers and acquisitions (M&A),
j) Valuation of businesses for M&A, financial reporting, tax and planning purposes,
k) Structuring of deals including leverage buyouts for private equities and M&A,
l) Strategy development and implementation,
m) Compilation of business plans to raise finance,
n) Business turnaround management, workouts, restructuring and business rescue,
o) Project finance and raising of finance,
p) Recruitment and placement of finance and accounting professionals.
BUSINESS PARTNERS
We have previously partnered with the following major companies:
? IBM, Deneys Reitz, PB Power, PriceWaterhouseCoopers, Sihlali Molefi Inc and Denton Wilde
Sapte (UK) to provide transaction advisory services to the Department of Minerals and Energy
on the Independent Power Purchase Project (NewGen Project),
? Business Partners for mentor and management advisory services to its clients,
? Deloitte for management advisory services to its clients including Mercantile Bank,
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
? Ernst & Young for management advisory services to its clients including SA Breweries-Packing
division,
? Labat Africa Ltd for financial reporting in terms of international financial reporting standards and
conducting due diligence investigation in order to make an acquisition,
? Legal Aid Board to assist CFO with financial management services.
We are currently sitting on the panel of restructuring and workout solutions of the Industrial
Development Corporation of SA Ltd. Our purpose is to assist distressed clients of the IDC with
turnaround, workout, business rescue and financial restructuring.
We are also on IDC’s panel of preferred service providers for the business support programme (BSP).
The aim of the BSP is to promote the long-term viability and sustainability of IDC-funded businesses
and the promotion of entrepreneurship through consultancy services and training.
PROFILE OF OUR CHIEF EXECUTIVE OFFICER
Our Chief Executive Officer, Virgil Bethanie, has an Honours BCompt degree and is an associate of the
SA Institute of Chartered Accountants. He has completed his articles/accountancy training with
PriceWaterhouseCoopers, one of the BIG 4 accounting firms, in 1994. After leaving the audit
profession, he worked for various companies as accountant, financial manager, chief financial officer
and management consultant, respectively, over a period of 16 years, in industries such as freight,
logistics and transport, fast moving consumer goods (FMCG), manufacturing, property, financial
services and public sector.
He has strong skills, experience and training in the following areas: financial and risk management;
financial reporting; reviews of annual financial statements; auditing; financial due diligence; valuations
of businesses, unlisted equities and financial instruments; business rescue, restructuring, turnaround
and workouts; raising of financing; compilation of business plans; strategy development and
implementation; business processes and systems development and implementation; SME support and
development.
He also has experience in implementing and working on the following ERP and accounting systems:
? Oracle
? SAP
? ACCPAC
? Syspro
? Pastel Evolution
? Pastel Accounting
PO Box 1782, Eldorado Park, 1813. 67 Boekenhout Crescent, Eldorado Park, J ohannesburg, 1811.
Website: www.bethanieconsulting.co.za Email: [email protected]. Telephone: 011 042 9768.
Fax: 086 654 4889. Registration number: 2006/063726/23
Member: DV Bethanie Hons BCompt AGA(SA)
In 2004 Virgil was on the commercial team that was part of the transaction advisory consortium to
advise the department of minerals and energy on the Independent Power Purchase Project (NewGen
Project).
Virgil was a judge in 2006 in the business plan competition hosted by Enablis, First National Bank and
Microsoft. He was responsible for evaluating entrants' business plans to determine whether the
proposed businesses are viable and will attract investors and financiers.
His major achievements at the various organizations he worked for and rendered services to are as
follows:
? Developed and implemented new systems of internal control, budgeting and forecasting systems,
new financial processes and supply chain management systems,
? Developed and/or implemented new management information systems that enabled management
teams to manage and control the core activities of the organizations, revenues, expenses, cash
flows and performances and financial position,
? Turnaround and developed world class finance departments,
? Developed risk management structures and systems to manage and control identified risks,
? Developed financial strategies to support developed business strategies,
? Proactively supported senior management teams by providing value adding financial and business
input in all major business decisions,
? Developed and implemented a competitive business strategy,
? Developed and implemented performance management frameworks, structures, policies and
processes,
? Restructured and turnaround distressed businesses,
? Raised funding for new projects, performed valuations of businesses, conducted financial due
diligence investigations for mergers and acquisitions deals and optimally structured such deals.
His contact details are as follows:
? Mobile: 072 296 1281
? Office: 011 042 9768
? Email: [email protected]
? Fax: 0866 544 889
For more information about our services, please visit www.bethanieconsulting.co.za
doc_220710443.pdf