FOR IMMEDIATE RELEASE
Johannesburg, South Africa – 28 July 2016
The Black Management Forum (BMF) which is at the forefront of transformation in Corporate South Africa is delighted with the appointments of Themba Mkhwanazi and July Ndlovu to the positions of Kumba Iron Ore CEO and CEO of Anglo America's coal business in South Africa respectively . "We are very thrilled and excited about these appointments. It is very gratifying to us 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 the transformation gains they have achieved as a company are not reversed", says BMF President, Mr. Mncane Mthunzi.
The appointments of Mkhwanazi and Ndlovu go a long way in dispelling the lack of black skills myth that Corporate South Africa continues to use as an excuse for not appointing black executives in these critical positions. "Anglo American has demonstrated their seriousness about succession planning and respect for black talent and leadership. These appointments inspire all of us as black professionals that we have a future in these companies and that our talents can achieve these greater heights", Mthunzi added.
This is far from the arrogant phenomena we have been witnessing lately from Corporate South Africa where black CEOs have been replaced by white CEOs by our own South African companies led by our own and black Chairmans. It is very worrying that our own homegrown companies built on the blood, sweat and strength of our own black people are not at the forefront of driving the transformation agenda and are being surpassed by companies of international origin.
The Black Management Forum extends its well wishes to Mr Mkhwanazi and Mr Ndlovu and pledges its unwavering support to them and their businesses.
The Black Management Forum stands for the development and empowerment of managerial leadership primarily amongst black people within organisations and the creation of managerial structures and processes, which reflect the demographics, and values of the wider society.
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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.
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12-13 Annual Conference/Awards/AGM
26 Conversations with CEOs
24 Executive Breakfast