BMF IS CONCERNED ABOUT OLD MUTUAL’S ATTACK ON THE SOUTH AFRICAN JUDICIARY

The BMF has noted, with grave concern, the manner in which the Old Mutual Chairman, Mr. Trevor Manuel, has shown general disdain for not only Judge Mashile but the South African Judiciary system in its entirety.

A court order informed Old Mutual that Mr. Moyo must return to work whilst the Insurer’s appeal was still pending. However, Old Mutual has stated that its “second letter of termination to Mr. Moyo remains valid and hence he is not permitted nor required to return to work in the interim".

BMF President Andile Nomlala says, “Instead of them respecting and abiding by that order, they instead rely on some letter that they sent to someone that was, in their own version, no longer their employee. How a letter from Old Mutual can trump a court order is not clear to us”.

“As if that were not enough, at one stage during the question and answer session, Mr. Manuel referred to Judge Mashile (before he corrected himself) as “Brian Mashile” and goes on to refer to a finding that the Judge made as “quite bizarre”. Sentiments of this nature place a strain on efforts by the BMF to resolve the matter outside of courts. We, as the BMF, believe that this matter doesn't need courts, it needs cool heads that can engage one another to find a lasting solution" continued Nomlala.

What concerns the BMF even further is Mr. Manuel referring to a sitting High Court judge as “a single individual who happens to wear a robe”. It is a sad day when a large corporate such as Old Mutual, through its Chairman, refers to members of our Judiciary in this manner. 

We call upon Old Mutual to unreservedly issue an apology to Judge Mashile. A failure to do so will only strengthen the view of those calling upon the current Board to vacate office as it would confirm that they have no regard or respect for the rule of law in South Africa. Similarly, we call upon all Old Mutual shareholders to stand up in defense of our Judiciary.

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BMF LITIGATION FUND: A CRITICAL DRIVER FOR ROBUST SOCIO-ECONOMIC TRANSFORMATION

 

The BMF is raising a litigation fund from which it can draw resources to litigate against gross violations derailing transformation efforts in South Africa. The fund is in line with the organisations 43rd national annual general meeting resolution to intensify the BMF’s advocacy against non-compliance. The BMF has historically played an important role through advocacy to advance the national objectives of socio-economic transformation. This is one of the four pillars of the raison d’être of the BMF.

The basis of the BMF Litigation fund will be to provide the forum with litigation financing in endeavors intended to:

  • Advise and champion all public interest litigation incidental to the founding principles of the organization and its members, including the general public on behalf of the BMF;
  • Hold public interest companies established in terms of section 72 (4) of the Act accountable for not achieving targets set in Employment Equity Plans;
  • Champion alternative dispute resolutions as a cost-effective mechanism for the resolution of disputes relating to the interpretation and implementation of Employment Equity Plans in line with section 20 (2) (g) of the Employment Equity Act, section 166 of the Act and King IV Report on Corporate Governance;
  • Represent the Forum as a material stakeholder that should be consulted by public interest companies in line with principle 16 of the King IV Report on Corporate Governance,
  • Lead the process of ensuring that Social and Ethics Committees prioritise Employment Equity and transformation as key performance indicators for public interest company boards, in particular by acting upon the outcomes of Social and Ethics Committees seminar convened by Companies Tribunal which advocates the involvement of civil society.

To this end and against the above-background the BMF seeks to reinforce its monitoring capacity through the establishment of the fund which will serve as a tool to enforce transformation in an effort to achieve justice, fairness and equity.

To support this cause, please go to the Payfast Cause Index and search for: BMF Litigation Fund.

Alternatively, you can find the link on the following platforms:

Instagram, Facebook and Twitter: @BMFNational
LinkedIn: https://www.linkedin.com/company/607604/
Website: www.bmfonline.co.za

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BMF CONGRATULATES ACHUMILE MAJIJA AS THE WINNER OF THE 2019 GHANA’s INSURANCE AWARDS YOUNG ACHIEVER OF THE YEAR AWARD CATEGORY

The Black Management Forum (BMF) would like to congratulate its board member, Achumile Majija for winning Ghana’s 2019 Insurance Awards in the Young Achiever of the Year Award Category.

The Ghana Insurance Awards is an annual ceremony that celebrates the achievements and standards in the insurance industry in Ghana. The awards provide a spectacular occasion for insurance industry players to come together to celebrate and network, while rewarding achievement and leadership in various key areas.

The Awards includes categories for life and non-life companies, re-insurers, brokerage firms and other intermediaries, health insurers, actuarial firms and other insurance service providers.

Majija has demonstrated excellence, resilience and perseverance throughout his career. These are qualities which many young professionals should be guided by. It comes as no surprise to the BMF that Majija exemplifies these qualities as he is one of the founding members of BMF Young Professional (BMF YP) which plays a critical and pivotal role in grooming and refining our country’s future leaders, visionaries and change agents. Majija career trajectory is a true affirmation of this.

“The BMF is delighted with Majija’s awards because he has come of age in the BMF. His journey has been inspirational and is testimony that South Africa has Young Black Professionals of global standing” said BMF President Andile Nomlala.

“We wish him more success and encourage him to continue displaying the DNA of a true BMF Manager”, concluded Nomlala.

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