A culture of inclusion

Q&A WITH FORMER NEDBANK GROUP EXECUTIVE: THULANI SIBEKO Those who attended the Impumelelo Top Empowerment Summit in 2016 will remember a very interesting presentation on business transformation by Nedbank’s former Group Executive of Marketing, Communications and...

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Know the score

WE PUT THE REVISED B-BBEE CODES OF GOOD PRACTICE UNDER THE MICROSCOPE American author Andrew Smith once wrote, “People fear what they don’t understand and hate what they can’t conquer.” It can be overwhelming for local companies to try and process, understand and...

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Transformation in the accounting profession

In an article published in the Daily Dispatch on 16 May 2016, it emerged that less than a quarter of all Chartered Accountants (CAs) in South Africa were black. However, on the plus side there has been a substantial increase since 2002. There are now around 9 764...

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Transformation in the medical profession

There is a significant shortage of doctors in South Africa. The country currently has a total of six doctors per 10 000 people, versus the global average of 15. However, about half the doctors registered with the Health Professions Council of South Africa (HPCSA) are...

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Empowering Black business in South Africa

It’s still a struggle to do business as a black person with both the private sector and the government, says Ntokozo Ntuli. She isn’t alone, says black business groups. Ntuli, who runs Durban-based interior design business N2 Design Box, says she often has to battle...

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Transformation in the engineering profession

According to figures obtained from the National Society of Black Engineers in 2013, black engineers comprise only 14% of South Africa’s professional engineers, while women comprise only 3% of the country’s professional engineers. Among the number of candidates for...

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Transformation in the legal profession

Transformation in the professions in South Africa remains a challenge. Looking at key professions, a picture emerges of notable progress in the last decade or so, but also of much work still to be done. When she ended her term as South Africa’s Public Protector in...

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Richard Maponya: Lifetime Achiever

On 27 September 2007, Nelson Mandela officially opened one of the biggest shopping centres in South Africa, Maponya Mall, in Soweto. The R650-million centre – which houses more than 200 stores and boasts a cinema complex – was the realisation of a lifelong dream. This...

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Patrice Motsepe: The Compassionalist

In the 1980s, popular culture reflected that decade’s sheen of avarice – from movies like “Wall Street” to songs like “Everybody wants to rule the world”. Thirty years on, ours is arguably a more hopeful world. On the one side, you still have the poor – 1.3 billion...

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The top 4 banks and their empowerment strategies

Nedbank According to Nedbank’s head of communications Esme Arendse, there is still a lot of work to be done with regard to transformation in the sector. She states that management control and employment remain a challenge – especially in relation to the representation...

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Investing in B-BBEE

South Africa’s financial services industry manages an estimated R1.23-trillion of the country’s wealth. According to Mail & Guardian the pace of change in the financial services sector has come into sharper focus as it continues to contribute significantly to the...

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Shifting perspectives: transformation in the law industry

Law online Legal software and business solutions company LexisNexis and the Law Society of South Africa (LSSA) conducted a survey in 2016 which involved 750 law firms across South Africa. It aimed to analyse the multitude of challenges experienced by these firms when...

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Firing up the Black Industrialist Programme

Government seeks to create at least 100 black industrialists over the next three years. What is the plan for making this a reality? The Black Industrialist Programme (BIP) is a key component of the Department of Trade and Industry’s (dti) Industrial Policy Action Plan...

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The metros’ transformation agenda

The recently-elected mayors of Johannesburg, Pretoria and Port Elizabeth say they are looking to get more value for money for empowerment initiatives by cancelling certain projects and considering reviewing others, while overhauling their supply-chain systems. This,...

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Sea Change – Operation Phakisa

The world’s surface is 71% water. The other 29% faces increasing populations and decreasing resources. No wonder, then, that countries are starting to unlock the socio-economic benefits of aquaculture, marine mining and other ocean-based industries. South Africa,...

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Top 10 richest black South Africans

Cyril Ramaphosa Widely respected as a negotiator and strategist, Cyril Ramaphosa played a significant role, along with Roelf Meyer of the ruling National Party, in the negotiations to bring about the peaceful end to apartheid. Born: 17 November 1952 Nationality: South...

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B-BBEE and the Sector Codes

Sector Charter Councils had until 15 November 2015 to submit aligned Sector Codes for approval to Minister of Trade and Industry, Dr Rob Davies. The amended codes specify that businesses will be measured in terms of specific sector occupied by Broad-codes. However,...

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An interview with Mzukisi Mbane

Mzukisi Mbane, self-taught designer who used his seamstress mother’s sewing machine much as an artist would use a paintbrush, was inspired by his fashionista grandmother from an early age. Growing up in Khayelitsha, he qualified as an accountant – but that is not...

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Dr Mathews Phosa on the importance of education

Education is the most important tool we can use if we want to transform South Africa politically and economically, says former ANC treasurer general Advocate Mathews Phosa. In a wide-ranging interview at his office in Bryanston, Phosa, who is now a successful businessman, said that education was the best form of empowerment.

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Empowerment Pioneer – Nthato Motlana

On 30 November 2008 Dr Nthato Motlana passed away at the age of 83; an astute businessman, committed political activist, incisive academic, and untiring philanthropist, he had been a key figure in the politics of Johannesburg for over 60 years and continues to be an...

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Empowerment Pioneer – Herman Mashaba

The closure in 1980 of the University of the North for two months due to political unrest marked a turning point in Herman Mashaba’s life. In his second year of a B. Admin, the young Mashaba decided not to return when the university re-opened and instead worked for...

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5 of South Africa’s Top Black Directors

In this article we highlight 5 of SA's top business directors. Vincent Mntambo Vincent Mntambo has a history of leadership positions that extends back to head prefect at Musi High School in Primville. As a student, Mntambo represented the students on the Soweto...

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Top Empowerment Leader – Patrice Motsepe

In February 2015 South Africa’s first black billionaire, Patrice Motsepe, was named as one of the world’s top 10 richest black people – alongside Nigeria’s Alika Dangote and Oprah Winfrey. He founded – and chairs – African Rainbow Minerals, a publicly traded firm that...

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5 of South Africa’s Top Black CEOs

In this article we highlight 5 of SA's top black CEO's. Sipho Nkosi Sipho Nkosi is the Chief Executive Officer at Exxaro. He was appointed in November 2007 and announced earlier this year that he will be retiring in March 2016. Nkosi is described as being instrumental...

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5 of South Africa’s Top Black Business Owners

In this article Impumelelo highlights a selection of South African top black business owners. Patrice Motsepe In February 2015 South Africa’s first black billionaire, Patrice Motsepe, was named as one of the world’s top 10 richest black people – alongside Nigeria’s...

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Empowerment Pioneer – Richard Maponya

Determined not to be paralysed by the apartheid system, Richard Maponya hired lawyers – Mandela and Tambo – to assist him in obtaining a business licence in order to trade in Soweto in the 50s. Trained as a teacher, he worked as a stock taker at a clothing...

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Dealing with SA Triple Challenges

An interview with Finance minister, Nhlanhla Nene. Interviewed in his office in Pretoria about the National Development Plan (NDP), Nene said the transformation of the economy was a priority for government. “As a country we are confronted with the triple challenge of...

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Farming for a fertile future

The world’s population is expected to increase by a third in 35 years’ time according to the Food and Agriculture Organisation. Food production would therefore have to increase by 60% – whilst at the same t ime taking into account variables such as climate change....

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10 Things you need to know about Empowerment

Impumelelo is South Africa’s premier empowerment magazine, with last year’s 15th edition of 10 000 copies all selling out. The 16th edition showcases more than 1 400 Top Empowered Companies in South Africa. Below are 10 fast facts about empowerment you didn’t know,...

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