Image: Johannesburg Stock Exchange
The empowerment of all South African citizens, particularly black South Africans who emerged from a past of political subjugation and economic exclusion, has always been a rallying cry of the democratic South African government.
The JSE agrees that 10% black representation among the top 100 companies is woeful. Zeona Jacobs, Marketing and Corporate Affairs Director at the JSE, says: “The JSE believes that the 10 per cent statistic is low considering the country’s demographics. The aim should be to grow the percentage.”
On a quest to address and inculcate a culture of effective managerial leadership the BMF Limpopo Province in partnership with Old Mutual hosted Gala Dinners under the theme Inspirational and Managerial Leadership. The BMF used these Gala Dinners as an opportunity to acknowledge, honour and welcome the newly elected leadership that took office in August. In support of these newly elected leaders, the BMF invited a specialist in Leadership who will address the invited Executive Mayors, Local Mayors, Speakers and Chief Whips in the Capricorn and Vhembe District. The talks was focused on the topic “HOW TO LEAD EFFECTIVELY IN DIFFICULT TIMES”.
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Please below the Black Management Forum Annual Report 2016
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Lecture delivered by Dr. Thami Mazwai
26 July 2016
Contextualising Dr Don Bongani Mkhwanazi ’s crusade and frustrations on BEE and the transformation of the economy
Early this month we were gathered in the adjoining ICC to bid farewell to Dr Don Bongani Mkhwanazi, a doyen of black business and one of the foremost champions of the economic transformation of post-apartheid South Africa. Ndonga, as many of us called him, ebengumntu ebantwini. I am thus deeply honoured to be asked to give the first Don Mkhwanazi Memorial Lecture as, in many respects, Ndonga was the personification of BEE. He was supposed to have given this lecture which was part of a provincial series to commemorate the 40th anniversary of the founding of the Black Management Forum (BMF).
In its wisdom, the current leadership asked former presidents to give these lectures at the planned provincial gatherings to link the past withthefuture, and ensure consistency of purpose and vision. Although I am not a former president of the BMF, the task fell on me to give this lecture because Ndonga and I held hands as we walked this path. Still, this is a daunting challenge for humble me to pay tribute to a stalwart of such magnitude. To get to the point, BEE has consistently been contested by many in the private sector,international community and its multinationals who persistently maintain that it constrains FDI and our participation in the global market. We respond by reminding these of the numerous countries in which they comply with demands in terms of local participation, to no avail.
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Shortened biography of Dr. Thami Mazwai, July 2016
Dr. Thami Mazwai is Special Advisor to the Minister of Small Business Development. He is on the National Planning Commission and his brief is on small business. He is also a member of the President’s Advisory Council on BBBEE. He is Extra-Ordinary Professor of Entrepreneurship at the University of the Western Cape (UWC); resident executive at the Wits Business School and Adjunct Professor of Entrepreneurship at the University of Fort Hare....
The below image is a picture of part of the audience at the event