||Allan Greyling has been a South African Chartered Accountant (CA(SA) for over 40 years. He is the CEO of IRM and is the founder of A@L to whom he still provides consulting and forensic litigation support services.
Allan Greyling (“Greyling”) has been a registered chartered accountant in South Africa since 1977. He has been conducting forensic accounting investigations, due diligence and forensic business reviews, quantifying damages, conducting valuations of businesses and providing expert witness testimony as a regular feature of his business since 1992.
Johannesburg: +27 (11) 217 3300 | Cape Town +27 (21) 424 2697
Cell: +27 (83) 264 9996 | Email: email@example.com
A summary of qualifications and experience
- Greyling is a chartered accountant registered with the South African Institute of Chartered Accountants and is a director of Interactive Risk Management (Pty) Ltd, which formerly was registered as Accountants @ Law (Proprietary) Limited, a company specialising in forensic accounting.
- To ensure business continuity and to comply with BBBEE, with effect 1 January 2017, the business of Accountants @ Law (Pty) Ltd (which name was changed in December 2016 to Interactive Risk Management (Pty) Ltd) (IRM)) has been sold to a new entity with the same name Accountants @ Law (Pty) Ltd (A@L) company number 2017/036025/07, which is wholly owned by Zungu Investments Company (Pty) Ltd (Zico), a level 1 BBBEE contributor (www.zico.co.za).
- Greyling continues to provide his expert services via IRM to A@L.
- He holds the qualifications Bachelor of Commerce (Durban), Bachelor of Commerce (Honours) (Cape Town). He was admitted as a chartered accountant in 1977.
- During the period 1975 to 1980 he was employed by accountants Ernst & Young in Durban (then Ernst & Whinney) first as a trainee accountant and then as a chartered accountant.
- From 1980 to 1981 he lectured at the University of Cape Town in accounting, auditing and management accounting. He lectured undergraduate and post-graduate students studying for their chartered accountants’ examination.
- From 1982 until 1987 he was employed by a trade finance house, Repfin Factors Limited. He left after occupying the position of executive director.
- From 1987 to 1988 he was employed by Volkskas Merchant Bank in the field of corporate and project finance.
- From 1988 until 1990 he was employed by Old Mutual in its investment division. He held the position of portfolio manager and investment analyst with special responsibility for the banking, short term insurance and small market capitalisation emerging company sectors.
- From December 1990 until April 1991 he was employed by Cape Investment Bank Limited as its managing director, at the behest of its new shareholder, Prima Bank, with the consent of the South African Reserve Bank, to assist it to trade out of its difficulties. Due to the extent of its insolvency it was liquidated and from April 1991 to August 1991 he assisted the liquidator of Cape Investment Bank and the forensic department of KPMG in its investigation into the bank’s collapse.
- From September 1991 until December 1992 he was the managing director of Investec Asset Management Limited.
- From February 1993 to August 2000 he was a co founder and subsequently a partner of the KPMG forensic accounting practice. During this time the practice grew to over 140 employees and is considered the pre-eminent forensic accounting practice in South Africa.
- In September 2000 he commenced his own business, Accountants @ Law (Proprietary) Limited (A@L), a specialist forensic accounting firm of which he is the managing director and shareholder. It specialises in forensic accounting investigations, due diligence and corporate governance reviews and litigation support services, business valuations, corporate turnarounds and expert witness testimony.
- In the course of his career spanning over 40 years, he has gained experience in the fields of auditing, valuing and investigating businesses, insolvency related investigations, corporate turnarounds, forensic investigative accounting and litigation support services and has been involved in numerous investigations involving multi-million Rand irregularities both in South Africa and abroad.
- His services have been engaged by central banks in 5 Southern African countries, whilst he was at KPMG, to investigate the solvency and circumstances surrounding the failure of large banking collapses in these jurisdictions including the failure of the Meridian banking group which operated in 20 different countries throughout Africa as well as in the Bahamas, the United Kingdom and France.
- He has assisted numerous large corporates in conducting due diligences either prior to or post acquisition in the spheres financial services such as investment banking, commercial banking, corporate trade and project finance, asset management, credit and financial management and general merchant banking and insurance. He has also conducted many due diligence investigations into businesses in diverse industries on behalf of his clients and assisted in developing and implementing corporate rescues.
- Whilst at A@L he was mandated by the curator of Saambou to conduct investigations, due diligences and valuations of two financial service businesses in the insurance broking and debt collecting fields, with over 1000 employees, operating from over 100 branches throughout South Africa, which utilised complex information technology and which included planning the disposal, managing the turnaround and ensuring a successful investment exit for Saambou.
- Since being involved in forensic accounting, investigations and litigation support, Greyling has gained wide experience in providing these services in various international jurisdictions. He has assisted in local as well as cross border investigations, being directly responsible for asset tracing and recoveries of tens of millions of rands, with the assistance of foreign court relief.
- He has been engaged as the forensic accountant on behalf of the liquidators acting for creditors in a number of large-scale corporate collapses involving listed companies and other businesses. These include :
– Tollgate Holdings, which included 150 subsidiaries, and collapsed during 1992 after being listed on the Johannesburg Securities Exchange as well as London and Ireland. He assisted the liquidators and their legal team in extensive recoveries from the corporate controllers.
– Meridien Banking Group, which had operations in 20 African jurisdictions, controlled through a Bahamas and Luxembourg holding company structure, collapsed leaving claimants with hundreds of millions of U$ dollars of losses. Greyling, then a partner at KPMG lead the investigation into the collapse on behalf of the various central banks and creditors.
– Macmed, which collapsed in 1999 leaving debts of ±R1 billion. He testified as the expert witness against the directors in a section 424 claim for reckless and fraudulent trading and also acted as the expert accounting witness in a claim brought against the auditors, which was settled out of Court.
– LeisureNet which collapsed in 2000 with creditors in excess of R1 billion. Greyling was engaged to provide litigation support as the forensic accounting expert to assist the liquidators in their actions against the directors under a section 424 claim for reckless and fraudulent trading, which was settled out of Court. He also testified for 8 weeks as an expert in the matter against the external auditors, which trial was never completed.
– Namibian Minerals Corporation which was listed on the Namibian and Toronto Stock Exchanges and which resulted in creditors incurring losses of more than half a billion rand
– Various failed banks throughout Southern Africa
– Tannenbaum pyramid/Ponzi scheme
– Recycling and Economic Development Initiative of South Africa (REDISA)
- He has been involved in conducting business valuations for due diligence purposes, in shareholder disputes, quantification of damages, insurance claim determinations and matrimonial dispute asset and income determinations as well as assisting in corporate turnarounds.
- He has been involved in managing and advising on corporate turnarounds since 1982 as part of his financial management experience. These include:
– Assisting in managing two delinquent clients of a finance house to mitigate losses incurred due to major frauds between 1984 and 1987
– Turning a factoring company from an insolvent entity into a profitable business in two years between 1986 and 1987
– Conducting solvency reviews for the South African Reserve Bank and other central banks in Southern Africa so as to decide whether to provide financial assistance for these failed banks between 1993 and 2000
– Managing a delinquent bank on behalf of the new shareholders and working closely with the South African Reserve Bank to mitigate losses in 1990/1991.
– Managing and disposing of various subsidiaries in the financial advisory and financial services field on behalf of the curator of Saambou Bank
– Managing an agricultural futures exposure on behalf of a bank to achieve reduced losses after close out of its facilities
- Managing the exposure on behalf of a bank of a delinquent profitable client by acting as a monitor of the manufacturing business in the contract packaging business so as to instill corporate governance structures and implement controls and facilitate a new management team
- Conducting numerous due diligence and business reviews including profitable and distressed/failed businesses on behalf of investors and financiers/bankers
- Conducting business recue proceedings in terms of the Companies Act No 71 of 2008 (see below)
- Greyling has been engaged as a forensic accounting expert in numerous High Court proceedings, arbitrations, commissions of enquiry, labour Court hearings
- He has been appointed as a receiver / liquidator by the High Court in the dissolution of a partnership of legal practitioners and as a referee with the powers in terms of section 19 bis of the Supreme Court Act no 59 of 1959 in various complex divorce cases and in terms of various High Court settlements between the parties to determine a particular issue.
- He has also been engaged to undertake probity checks on behalf of the Western Cape Gaming Board to assess the financial viability of various casino applicants and to develop financial viability models to objectively rank these applicants.
- He has also been appointed a business rescue practitioner by the High Court in South Africa, Western Cape Division, which appointment was also approved by the Companies and Intellectual Property Commission to be the business rescue practitioner in a distressed company. He was successfully able to rehabilitate the company through obtaining an offer from an investor, after restructuring the business and saving the employment of numerous employees.
- Greyling through A@L has been instrumental in arranging international IT related software licenses for which A@L had the sole South African rights, to provide risk management and control in corporate environments and for forensic investigation purposes.
- He has assisted the State Attorney and the Land Claims Commissioner by investigating the circumstances surrounding a major land claim application and valuing the affected parties losses arising from being dispossessed of their business as part of the land claim.
- He has been appointed by the Master of the High Court in Port Elizabeth to conduct an investigation in terms of section 381 of the Companies Act no 61 of 1973 into the conduct of the liquidators.
- He has been appointed by the High Court of Botswana to act as the “custodian” (akin to a statutory manager/curator) of a fund management business at the behest of the Non Bank Financial Institutions Regulatory Authority (NBFIRA).
Herman Putter is the Managing Executive of Data Analytics at Interactive Risk Management.
Herman has extensive experience on procurement fraud, payroll fraud, information technology fraud, banking fraud, irregularities regarding pension funds, fraud relating to employee benefits and the misappropriation of housing subsidy funds. He has over 20 years’ experience collecting and analysing data using a multitude of software tools. As an IT fraud specialist, he has been called on as an expert witness and he has extensive experience in both the public and private sectors running and working on forensic audits. Herman has worked in the audit, forensic audit and development environments for private companies across most industries as well as most government departments interacting with junior staff all the way up to CEO’s, Premiers and Ministers. Herman is passionate about learning and imparting knowledge and has lectured part-time to MBA students at the WITS Graduate School of Business in the field of IT. He started programming when he was 12 and has always enjoyed using technology to solve real world problems. In addition to his vast analytics experience Herman has used Encase (used by the FBI) for recovery of data, cloning of drives and finding evidence during forensic investigations. He holds several SAS certifications in South Africa and Dubai. (view Herman Putter’s curriculum vitae here).
Cell: +27 (83) 212 2513 | Email: firstname.lastname@example.org
A summary of qualifications and experience
- Herman started his career at Ernst & Young in 1995 doing CAATs(Computer Aided Audit Techniques) whilst finishing his studies through UNISA part time.
- He holds a National Diploma in Information Technology and is a Certified Fraud Examiner (CFE) and a member of the local and US chapter
- In 1998 he moved into Forensic Audit doing data analytics for Gobodo
- He spent a year in NZ working for Telstra whilst also doing a Sybase certification in 2000
- The next 4 years he spent leading forensic audits, data analytics consulting and part time lecturing at WITS business school to the MBA students
- Between 2004 and 2008 he consulted at MTN, ABSA and Nedbank on large data projects as well as being responsible for revenue assurance and risk management
- He later joined Business Intelligence Alliance as a General Manager where he managed technical teams doing development, consulting and analytics at various blue-chip companies
- During his time at BIA he spent 2+ years at Standard Bank developing their SAS business intelligence framework and building this large project out to where there are currently more than 400 users utilizing data produced from the warehouses developed
- He later co-founded ProfitScience, a niche consulting firm in the financial analytics space, which was later sold to Actis
- Herman was head of Research and development for Compuscan, an international credit bureau, where he did data analytics and consulting throughout the financial services space
Managing Director at AgileWorks Information Systems Pty Ltd.
Hardy Jonck is the founder of Agileworks. He has an Electronic Engineering degree with a career in advanced software engineering and business engineering. Within Agileworks, Hardy fulfills the roles of CEO and leads the technical development.
His primary focus is on the software development industry and applying this domain to various business domains to create agile solutions that allow clients to roll out innovative products quickly.
Cell: +27 (82) 413 0484 | Email: email@example.com
A summary of qualifications and experience
- Graduated in 1994 with a B.Eng degree in electronic engineering after completing matric in Menlo Park High School.
- Started working for ATE, a defense and technology company to develop G5 canon fire correction drones.
- He was approached to join Denel Simulation and Gaming to help them develop their next generation wargames in 1995.
Spent the next 4 years selecting and building the technology and wargames for the SANDF part of a team of computer
scientists who conducted operational research.
- Hardy started his first startup in 1998 with the vision of applying advanced software engineering and mathematical
modeling, analytics and control systems in business. Called the business: Geospatial Modelling and Simulation and later
contracted it to GMS Software Factory – which I still use to start startups out of. Hardy also worked for ESKOM, NER, CSIR,
NSIF, DBSA, PSG and others. He built a team of leading developers and had many lessons in how not to do new technology
- He cofounded his second startup in 2001 called Health Window which is still running very successfully. www.healthwindow.
co.za provides a predictive analytics solution to increase adherence, compliance, persistence, to upsell, cross sell and
produce value for the pharmaceutical industry and patients. We initially developed the system in Python and rewrote it
all to a Java stack during 2006, appointed the right CEO and it took off from there.
- He cofounded the third startup called AgileWorks in 2004 (whose name he still owns and which he is reusing with is new
venture) with the IT department of the then existing Decillion Capital. But due to mismatches between the parties it was
dissolved in 2007 after creating iKNO information systems and Qsens Information Systems to continue the charge.
- He founded Qsens Information Systems in 2006 as the next development capability to create an advanced digital asset
management solution and to continue HealthWindow development. He exited iKNO due to a desire to focus exclusively
on the digital asset management solution.
- He founded iKhambi Information Solutions in 2009 as the BEE component and also to specialize in retail, premium branded
consumer electronic goods. iKhambi was spun out into its own entity and was a successfully run business with strong
e-commerce capabilities. It acquired BuyCycle (www.buycycle.co.za) and www.ikhambi.co.za.
- In December 2010 Hardy split Qsens into two, those who wanted to continue innovation remained with him focussing on
the financial services domain.
- In March of 2011 he merged with a large IT services company called DVT to run a business unit that specializes in the new
technologies. They developed solutions for DirectAxis and other financial services companies. In 2013 Hardy bought his
team out to co found ProfitScience.
- ProfitScience was merged with Compuscan in 2013 to integrate business and IT in an innovative way to build leading
solutions for the consumer analytics and financial services market. Hardy and his team sold the business to ACTIS who
bundled them up with ScoreSharp, Compuscan and P-CUBED to form a new group of companies.
- Hardy worked for ScoreSharp and Compuscan for the remainder of the 3 year buyout period of ACTIS.
- In 2018 Hardy founded Agileworks Information Systems as vehicle for the medium to long term vision to build out a
leading and disruptive business that uses technology, IP and business skills to solve scalable problems and to make things
frictionless while making a contribution to the world.
||Frans Weber, drives the projects and business development at Agileworks.
Frans has a B. Arch (Bachelor of Architecture) from University of Cape Town achieving distinctions in Studiowork; Theory of Structures; History of Architecture. Between 1998 – 2000 Frans obtained an MBA (Master of Business Administration) from Wits Business School achieving the best finance student and a distinction in Finance.
A summary of qualifications and experience
- Frans has a B. Arch (Bachelor of Architecture) from University of Cape Town achieving distinctions in Studiowork; Theory of Structures; History of Architecture.
- Between 1998 – 2000 Frans obtained an MBA (Master of Business Administration) from Wits Business School achieving the best finance student and a distinction in Finance.
- Frans has been responsible for the project success and the profitability of the project management company for whom he worked. During his career he has developed a comprehensive system, with templates/dashboards, for defining and tracking project scope, from proposal to delivery stages.
- During his career he has turned around eight property related projects, including a public building (JHB Council Chambers); a multi-use office complex (for studio MAS); and a consulting practice (KWA). All distressed projects were stabilized, and successfully completed.
- Frans also project managed projects for BHP Billiton PMOs with Synntech, Thetaplan including the implementation of 800 mid-market residential units, with a project value of R 260m forSanlam Properties.
- He worked for Rehann Calitz collaborating with Rehann on corporate Identity, branding, marketing and OCM projects, as business developer.
- He also worked for istudy4.com as business development manager of an online learning company. He was also responsible for multi-media development projects.
- Frans worked for as a consultant for Barc Developments who manufacturer and distributer of orthopedic prosthesis. His role included: start-up; marketing; sales support; negotiating contracts; company valuation; negotiation with buyers of company.
- Since 1994 Frans has developed projects for Berglust Game Farm for their infrastructure and eco-tourism venture.
- Frans has also been in involved in various ventures including Trade Halo (2013 to present), as the founder of a digital guarantee platform, now part of Agileworks.
||Prof Paul Fatti is a Consultant in Statistics and Operations Research and is Emeritus Professor of Statistics, School of Statistics and Actuarial Science, University of the Witwatersrand (Wits), Johannesburg.
IRM is delighted to have the expertise of Paul available to provide business solutions to IRM clients and in particular inventory management and modelling.
Landline: +27 (11) 880 6957 | Cell: +27 (83) 266 1532 | Email: firstname.lastname@example.org
A summary of qualifications and experience
Paul has a BSc. (Mathematics, Mathematical Statistics), and a BSc. Hons (Mathematical Statistics) 1st Class both from Wits, an MSc., DIC (Statistics and Operations Research from Imperial College, London and a PhD from Wits, his thesis being on “The Random Effects Model in Discriminant Analysis”.
Paul is a member of the Operations Research Society of South Africa and of the South
African Statistical Association and is a Past President of both.
He has published extensively and in 1981 was awarded the Tom Rozwadowski Medal for the paper “Optimal smoothing of demand for industrial gas” and the Goodeve Medal by the (British) Operational Research Society.
Paul has extensive commercial experience in diverse industries including the Chamber of Mines Research Laboratories, The Institute for Operational Research London, the National Health Service, extensive Statistical and Operations Research experience at the CSIR, as Senior Chief researcher and later Senior Specialist Researcher in the National Research Institute for Mathematical Sciences, as well as in the banking world. He continued his consulting work on a part-time basis as Professor of Statistics and Head of the Department of Statistics and Actuarial Science at Wits.
Paul continues to act as a consultant in Statistics and Operations Research as well as being an expert witness in in forensic statistics for many High Court trials.
Paul specialises in the following disciplines:
• Multivariate Statistical Theory.
• Discriminant Analysis.
• Applied Statistical Modelling.
• Applied Operations Research Modelling.
• Operations Research and Statistics in Banking
• Medical Statistics.
Paul is an avid mountaineer and has climbed all over the world.
Paul has published over 100 articles in prestigious journals and magazines, edited textbooks and reviewed academic works over his career.