UKZN Hosts Another Successful International Conference

UKZN BRU International Conference
The BRU team with conference keynote speakers, Professor Marius Pretorius (second from left) and Mr Andrew Donelly (second from right).

Academicians, postgraduate students, entrepreneurs, policy-makers, and practitioner-researchers from around the world exchanged research results and problem-solving approaches on the issues surrounding business rescue at the 2nd annual International Conference on Business Resilience, Continuity and Regeneration (BRCR) hosted by the University of KwaZulu-Natal’s Business Rescue Unit (BRU) at the Southern Sun Elangeni and Maharani Hotel, South Africa.

The BRU’s purpose is to promote research and knowledge sharing in the field of business rescue, financial distress prediction, insolvency rehabilitation and turnaround management of companies. The conference theme: Resilience and Regeneration of Businesses and Financial Markets in the Fourth Industrial Revolution was carefully chosen to address the current problems that are being faced by businesses. This three-day conference saw over 90 research paper presentations in the disciplines of Accounting and Auditing, Economics, and Finance and Management.

In his welcome address, Dean and Head of the School of Accounting, Economics and Finance, Professor Mabutho Sibanda, said: ‘The 2nd BRCR conference comes at a fitting time when technological revolution has significantly affected the operations of businesses and financial markets worldwide. We have the opportunity to delve into the exciting advancements and challenges brought about by the rapid pace of technological innovation in the financial sector and businesses.

‘The conference theme has been carefully chosen to address the current opportunities and problems that are being faced by businesses and financial markets. I am confident that this conference will provide a platform for sharing cutting-edge research, exploring emerging trends, and ultimately, contributing to the advancement of knowledge in this important area.’

The two keynote addresses were delivered by Professor Marius Pretorius, Professor Emeritus of Strategy, Turnaround and Leadership at the Department of Business Management, University of Pretoria, and Mr Andrew Donnelly of Shepstone Wylie Attorneys.

Donelly’s presentation focused more on the practicality of business rescue, where he shared his first-hand experience on the matter. He also spoke about the legislative framework, legal issues and problems arising from the business rescue process.

Pretorius spoke on how business rescue provides South African companies with a powerful mechanism to adapt and navigate through the turbulent economic conditions we now face.

The postgraduate students were offered a chance to present their original, unpublished and high-quality research for a chance to be published. On the last day, the conference guests enjoyed a tour of the City of Durban and a celebratory gala dinner hosted for more networking opportunities. At the dinner, the Dean of Research in the College of Law and Management Studies, Professor Phocenah Nyatanga, addressed the conference, sharing effective networking tips for researchers.

For more information on BRU, visit: https://businessrescue.ukzn.ac.za

Words: Lungile Ngubelanga

Photograph: Yola Ndzabe

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