The Black Management Forum 2016 Annual Conference.




The Black Management Forum Celebrates the Appointment of Dominic Sewela as Group CEO of Barloworld Ltd.

The Black Management Forum Celebrates the Appointment of Dominic Sewela as Group CEO of Barloworld Ltd

Johanneburg, 9 November 2016

The Black Management Forum (BMF) which is at the forefront of advocating and lobbying for transformation in Corporate South Africa is pleased with the appointment of Dominic Sewela as the Group Chief Executive Officer (CEO) of Barloworld Ltd. Sewela, who was appointed as Barlowolrd’s Deputy Chief Executive in March this year as part of a structured succession plan, succeeded Clive Thomson as CEO on 1 October 2016.

The BMF is pleased and excited about this appointment. It is very gratifying and refreshing to see that there are still companies who regard transformation as a business imperative and continue to make concerted and deliberate efforts in ensuring that they advance transformation where it matters most, at executive level. Barloworld has demonstrated their seriousness about succession planning and respect for black talent and leadership.

The BMF believes and advocates for the breaking of artificial glass ceilings in Corporate South Africa. Breaking of these glass ceilings through appoinments such as that of Sewela will ensure that there is a critical mass of black people in leadership positions within companies and other areas of our society. The significance of black management control for the BMF stems from the full understanding and knowledge that being in a decision making role not only allows you to influence ideologies that can make an impact. It further gives you access to control the levers of power to effect decisions that can benefit the majority of the citizens of this country. It provides an opportunity to address and thus eradicate the existing organisational cultures that are still very white elitist and resistant to transformation.  The black people whose acceleration and advancement the BMF advocates for is on the basis of merit and it is precisely because of their merit that the organization continues to engage in this struggle.

The Black Management Forum extends its well wishes to Mr Sewela and pledges its unwavering support to him and Barloworld.

About the Black Management Forum

The BMF has been in existence for 40 years and is a non-racial thought-leadership organisation with the main purpose of influencing socio-economic transformation in our country, in pursuit of socio-economic justice, fairness and equity. 

The BMF stands for the development and empowerment of managerial leadership, primarily amongst black people, and the creation of managerial structures and processes that reflect the demographics, and values of the wider society.

For information, please contact:

Anele Ndlovu

Black Management Forum

Head of Marketing & Communications

This email address is being protected from spambots. You need JavaScript enabled to view it. 

 

The Black Management Forum Welcomes New JSE Listing Requirements

The Black Management Forum Welcomes New JSE Listing Requirements

Johannesburg, 1 November 2016

The Black Management Forum (BMF) welcomes the decision by the JSE to include transformation as part of its listing requirements. The disclosure by companies on how they fare as far as race and gender inclusivity will surely elevate transformation as a business imperative. 

 

“We would firstly like to thank the JSE CEO, Nicky Newton-King, and her team for the engagements that we had with them which ultimately resulted in including race and gender as part of the listing requirements. These new requirements will create much needed transparency around transformation and will expose those companies that disregard and make a mockery of transformation” commented BMF President, Mncane Mthunzi

 

The BMF seeks to elevate and locate transformation at the core of how organisations execute their business responsibilities. The BMF recently announced that the JSE must make transformation targets to be part of its listing requirements. Targets on race and gender need to be set to ensure fair representation. The JSE needs to insist on disclosure from all the listed companies.
The gender parity policy of the JSE is working and must be commended and supported. Disclosure alone, will hopefully, embolden companies to improve their performance as this will be put in a public domain.

 

“The BMF is extremely excited about these developments, this is a great victory for transformation. We believe that these listing requirements for companies to disclose their transformation positions will compel them to take transformation more seriously. Transformation has been in reverse gear for years and this announcement by the JSE is a significant step in making it a business imperative. We are now working on our submission to the JSE which will include targets on race and gender at Board and Executive Committee levels for all companies”, Mthunzi concluded.

 

About the Black Management Forum

The BMF has been in existence for 40 years and is a non-racial thought-leadership organisation with the main purpose of influencing socio-economic transformation in our country, in pursuit of socio-economic justice, fairness and equity.

The BMF stands for the development and empowerment of managerial leadership, primarily amongst black people, and the creation of managerial structures and processes that reflect the demographics, and values of the wider society.

 

For information, please contact:

Anele Ndlovu

Black Management Forum

Head of Marketing & Communications

This email address is being protected from spambots. You need JavaScript enabled to view it.

0764312899

 

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