Johannesburg, South Africa – 22 January 2018 

The Black Management Forum (the BMF) welcomes the appointment of the new board of directors at Eskom as announced by the Deputy President Cyril Ramaphosa on Saturday, 20 January 2018.

Eskom is one of the key State-Owned Companies (SOCs) in South Africa and plays a major role in our society. It remains a critical entity to the people of South Africa, its employees and the capital market participants worldwide. The South African government has an embedded responsibility in ensuring and promoting sound corporate governance; operational and financial stability at Eskom.

The BMF has faith in the new board at Eskom and supports its appointment. “We believe, as the BMF, that the effective governance at Eskom will encourage better operational and financial decision making, efficient use of the utility’s resources and strengthen accountability of all those charged with leading this strategic asset”, said Mncane Mthunzi, the President of the BMF. Mthunzi pleads with the new board to scrutinise Eskom’s operational hurdles which if left unattended will most likely bankrupt the company. 

Mthunzi says that the effectiveness of this new board will be tested by its ability to improve governance within the utility, strengthen management’s capabilities in driving the utility to navigate its current business challenges whilst delivering sustainable power solutions to help grow the economy. 

The BMF believes, under the stewardship of Jabu Mabuza as the Chairman of the Board and a seasoned business leader, Phakamani Hadebe as the interim Chief Executive Officer who is a competent and capable leader, both supported by highly skilled members of the board with diverse experience and impeccable business credentials; that Eskom will be able to draw from this and steer the company towards a sustainable state of economic, financial and corrupt-free governance for the benefit of all its stakeholders.

Johannesburg, South Africa – 20 December 2017

The Black Management Forum (the BMF) would like to congratulate the election of Cyril Ramaphosa as the President of the African National Congress (ANC) and the rest of the leadership collective elected on Monday evening. The BMF wishes the newly elected ANC leadership all the best in their term of office.

South Africa has been at a crossroad as far as leadership is concerned. We need to raise the bar and create high standards of leadership. As South Africans we need and deserve a leadership that loves its people; a leadership that wants to make a positive and sustainable difference in the lives of its people. We need a corrupt-free leadership that puts its people first. The ANC as the governing party continues to play a significant role in society and therefore what goes on in the ANC directly impacts society at large. The country is in dire need of ethical and servant leadership. We urge this newly elected leadership of the ANC to provide the leadership we need. They must cease the moment and unite our country; business, labour and civil society in building the national consensus to drive socio-economic transformation with a view to achieve inclusive economic growth. As the BMF, we are offering our support to the leadership to ensure socio-economic transformation is achieved in our country. 

The Black Management Forum (the BMF) has the pleasure of announcing Thabile Wonci as the new Managing Director.

Thabile Wonci is joining the BMF as its Managing Director from an investment bank where he was responsible for financial reporting, controls & oversight, overall business management and driving the operational strategy for the Sub-Saharan Representative offices. 

He has over 12 years of corporate experience and brings with him significant wealth of knowledge that spans across different industries such as life assurance, property investment management, fast-moving consumer goods and banking. 

“I am excited about this development and having a person of Thabile’s calibre is a testimony that the BMF does grow its own timber. He has been a member of the BMF for a long time and served our organisation in different roles before as a member. Thabile brings a wealth of corporate experience that will come handy in executing the organisation’s strategy and strengthening the relationship with our corporate and individual members and well as broader stakeholders”,
the BMF President, Mncane Mthunzi commented. 

Mr Wonci completed his MBA degree at the Gordon Institute of Business Science (GIBS). He also holds a Postgraduate Diploma in Business Administration and Postgraduate Diploma in General Management from the same institution. His other qualifications include a Postgraduate Diploma in Management Accounting (CIMA Strategic Level) from UNISA, BCom from NMMU and has attended the Duke Leadership Executive Program at Duke University in the United States.

 

Johannesburg, South Africa

The Black Management Forum (the BMF) will host its Annual Conference on Thursday, 12 October at Gallagher Convention Centre, Midrand, Johannesburg. The Annual Conference brings together a number of executives, senior managers and business leaders from all provinces to meet and discuss, under a specific theme, current issues affecting the socio-economic transformation landscape and the further development of South Africa.

These issues are critical, pertinent, provocative and require intense interrogation by leaders and managers today. The Conference aims to engage government, civil society and business leaders to finding solutions to these issues.

The 2017 Conference theme is: The South Africa We Deserve, continuing with the BMF’s theme for 2017.

It has been 23 years since our freedom and democracy, and yet we still grapple with how we could achieve total transformation in our society. The rainbow nation of Archbishop Emeritus Desmond Tutu seems to be elusive. If we are to have prosperity and peace in our country, we need to have the dividends of our freedom and democracy cascaded down to all citizens. South Africa has to meet the challenges of building a truly inclusive economy that will address the injustices of the past. The South Africa We Deserve will propel socio-economic transformation. 

“South Africa is at a crossroad as far as leadership is concerned. We have to make difficult choices on leadership from politics to business and society broadly. We need to raise the bar and create high standards of leadership. As South Africans, we deserve a leadership that loves its people; a leadership that wants to make a positive and sustainable difference in the lives of its people. We deserve a corrupt-free leadership that puts its people first. The leaders that we deserve are resourceful, responsive and responsible. South Africa is a rich country and does not deserve to have poor citizens. We should all make the efforts to be more patriotic and sympathetic to the plight of our people – for our people to live in a country they deserve. The late former BMF President Lot Ndlovu once reminded us that “leadership which based on values does not sacrifice transformation.”” Commented BMF President, Mncane Mthunzi.

(A Talk by
Dr. Mosibudi Mangena 
at the
Black Management Forum Gala Dinner on
13 October 2017,

Gallagher Convention Centre, Midrand
)

I have been asked to speak on the theme of your conference, which also doubles as the theme of this Gala Dinner, namely, The South Africa We Deserve. From the letter of invitation, it is clear that the BMF is far from being happy with the South Africa we live in presently; that we deserve better than this; that our levels of poverty are painful and unjustifiable and that we deserve to be better led.


Being a middle income country that we are, generously endowed with mineral wealth as we are, blessed with a geography that allows for different kinds of plant and animal husbandry and blessed with a fairly well-developed road, air, sea, electricity and water infrastructure, as we are, we should not be in this position.
 

Indeed, we should not be, and all of us should hang our heads in shame. We have failed the vast majority of our people who had thought that their heroic deeds that defeated racist settler-colonialism heralded a new era of hope, opportunities and progress. But alas, 23 years later, we are not even stagnant, we are not marching on the spot, but are in reverse gear towards the abyss and possible ruin. There is consternation on the part of many in the country, some in our midst are scratching their heads, wondering how we arrived at this point.  

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