The Black Management Forum Condemns Johan Rupert’s Assertions at Power FM’s Chairman’s Conversation

Johannesburg, South Africa, 6 December 2018 

The Black Management Forum (the BMF) wishes to express its disappointment in Mr Johan Rupert’s most unfortunate utterances made during Power FM’s annual event, Chairman’s Conversation, that was hosted by the Chairman of MSG Afrika Group, Mr Given Mkhari on Tuesday, 4 December 2018 in Johannesburg.

Mr Rupert’s assertions on the state of the country epitomised the nonchalant stance of whites who still largely own and control the South African economy to the everyday struggles of black people to the core. The interview took a downturn from the moment it began through an array of insults that were directed towards black people by Mr Rupert from the moment he opened his mouth. He was blatantly racist and condescending from the onset and with most executive positions still in the hands of white males such as himself, it comes as no surprise to the BMF that the pace of transformation is lagging behind and dismal.

Mr Rupert comfortably spat in the face of black South Africans and organisations such as the BMF. What is even more cringe-worthy and disappointing is that the very same people he undermined and insulted were in the same room with him but the majority of them continuously clapped and laughed in response to his answers and assertions which, in essence, affirmed what he was saying.

It was apparent during the interview that Mr Rupert will never acknowledge his privilege as he unashamedly displayed his disregard for the humanity of black people and he will continue to do so because he was socialised into believing that his race is superior to all other races. White privilege runs in his blood and it is all he has ever known. So as expressed by BMF President, Mr Andile Nomlala, who was in attendance, “If black people do not realise that they are on their own in and outside of this room, then there will never be any other time that they realise this”.

As the BMF we urge the disgruntled black professionals to remember that the system of apartheid did not end because white people finally and miraculously admitted their wrongdoings and ill-treatment of black people but that it ended because of compromises made by black struggle veterans. And so, when the system of apartheid ended, racism and white privilege did not but continued to blossom.

Therefore, the fight against racists such as Mr Rupert is one that supersedes the BMF and unpleased South Africans calling them out, as eloquently asserted by President Nomlala in response to Mr Rupert’s assertions during his interview, “the onus is on us (black professionals) to change the script. We control the legislation in this country and for us to advance ourselves, we need to clinch the levers of legislation and regulation that control what happens with capital, opportunities and business prospects”.

This task is onerous, but we as the BMF will take it head on and leave no stone unturned in our pursuit to advance socio-economic transformation in South Africa.

Read more: The Black Management Forum Condemns Johan Rupert’s Assertions at Power FM’s Chairman’s Conversation


Johannesburg, South Africa; 30 November 2018 

aThe Black Management Forum (the BMF) which is at the forefront of advocating and lobbying for transformation in Corporate South Africa is pleased with the appointment of Peggy-Sue Khumalo as the Chief Executive Officer of Standard Bank’s Wealth Division in South Africa. Ms Khumalo’s extensive background and experience in financial services and investments positioned her as the best choice for this role.

“We are pleased and excited about Ms Khumalo’s 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,” said the BMF President, Andile Nomlala.

In September, Standard Bank announced its commitment to increasing its representation of women in executive positions in its SA operations from 35% to 40% by 2021 and to increase the number of women in chief executive positions in other African countries from 10% to 20% over the same period.

“The BMF is encouraged by the transformation journey taken by Standard Bank. They have exhibited their seriousness about succession planning and respect for black talent and leadership. We need to continue to build a critical mass of black executives of Ms Khumalo’s calibre,” continued Nomlala.

The BMF extends its well wishes to Ms Khumalo and pledges its unwavering support to her as she ascends in her new role next year.


Speech by Khandani Msibi - BMF Achievement Awards - 12 October 2018

BMF Gala Dinner 12 October 2018 The CEO of BLSA, Mr Bonang Mohale, the outgoing President of BMF Mr Mncane Mthunzi, the incoming President of BMF Mr Andile Nomlala and the BMF Leadership, Mr Thabile Wonci the Managing Director of BMF and his team, the Principal Officer of Sizwe Medical Fund Dr Simon Mangcwatshwa and his team, distinguished guests of the BMF, Colleagues Ladies and Gentlemen, Good evening. 

We have recently restructured our Healthcare business where we created a healthcare Holdings Group that we call 3Sixty Health, the then Chief Executive Officer of Sechaba has been appointed to lead this group which will include a new Biopharmaceutical company amongst other subsidiaries. We are registering this company as 3Sixty BioPharmaceutical. We do a lot of interesting things in our group but 3Sixty BioPhamceutical is by far the most important and the most exciting project. Dr Mahanjana is succeeded in his position of CEO of Sechaba by Dr Mashadi Motlana, her father was once in this position of CEO of Sechaba. Sechaba has been in existence for 40 years and it is for the first time that it is led by a woman. 

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