Black busi­ness uni­fied in its bid to trans­form the econ­omy

Sunday World - - World Of Business - CHRIS MORE

SOWETO-BRED in­dus­tri­al­ist and en­tre­pre­neur Nd­aba Nt­sele yes­ter­day took over the helm of the of­fi­cial, au­then­tic voice of black busi­ness, the Black Busi­ness Coun­cil (BBC), from Pa­trice Mot­sepe.

The BBC, a non-racial, pro­gres­sive and pro-black mem­ber­ship-based or­gan­i­sa­tion, of­fi­cially adopted its con­sti­tu­tion and elected lead­ers in Sandton yes­ter­day.

Nt­sele is CEO of Pamodzi In­vest­ment Hold­ings, a black-con­trolled, multi­bil­lion-rand ment com­pany.

He has been in­stru­men­tal in the de­vel­op­ment of a strat­egy to build the BBC into a solid or­gan­i­sa­tion and was one of the key spon­sors of the black busi­ness sum­mit to launch the idea of the BBC last Septem­ber.

The BBC was born of a deep-rooted ide­o­log­i­cal po­lar­i­sa­tion within a seem­ingly united en­tity, Busi­ness Unity South Africa (Busa) last year.

The ex­o­dus was led by the rep­re­sen­ta­tive or­gan­i­sa­tion of black pro­fes­sion­als, the Black Man­age­ment Forum and cham­pi­oned by its pres­i­dent Jimmy Manyi.


Prom­i­nent busi­ness leader and min­ing mogul Mot­sepe was elected as in­terim pres­i­dent.

Mot­sepe, Nt­sele, Manyi, Sandile Zungu and na­tional co­or­di­na­tor Xolani Qubeka steered the or­gan­i­sa­tion through a na­tional con­tact cam­paign that saw black or­gan­i­sa­tions in the nine prov­inces en­dorse the for­ma­tion of the BBC.

At a press brief­ing yes­ter­day Nt­sele said: It is

“clear to us, from the nu­mer­ous meet­ings we have had with the cur­rent lead­er­ship of Busa and Busi­ness Lead­er­ship SA (BLSA), that they do not be­lieve in the prin­ci­ple of equal­ity. White busi­ness domi“nates and con­trols Busa and BLSA and has elected blacks into lead­er­ship po­si­tions who are pre­pared to be used to main­tain white dom­i­na­tion and con­trol of Busa and busi­ness in South Africa. BBC re­mains com­mit“ted to the unity of black and white busi­ness but it must not be dom­i­nated, con­trolled and ben­e­fit only whites and con­tinue to marginalise and os­tracise blacks,” Nt­sele said.

A rig­or­ous con­sti­tu­tion draft­ing process cul­mi­nated in its adop­tion yes­ter­day.

Ea­ger to get the voice of black busi­ness on track to carry out its mas­sively chal­leng­ing man­date, black or­gan­i­sa­tions yes­ter­day elected lead­ers to the BBC.

The new ex­ec­u­tive is: pres­i­dent Nd­aba Nt­sele,

– vice-pres­i­dent Lawrence

– Mavundla (pres­i­dent of Naf­coc), vice-pres­i­dent Tem

– bakazi Mnyaka (deputy pres­i­dent of BMF), chair­man

Tryphosa Ra­mano (pres– ident of ABSIP), trea­surer

– Andile Khu­malo (pres­i­dent of Abasa), sec­re­tary

– prom­i­nent businessman Sandile Zungu, head of port­fo­lios Mx­olisi Zwane

– (pres­i­dent of Fab­cos).

The BBC elected to fo­cus on seven pol­icy de­liv­ery mech­a­nisms, in­clud­ing: eco­nomic trans­for­ma­tion, SMME de­vel­op­ment, in­fra­struc­ture de­vel­op­ment, gov­ern­men­tal and stake­holder re­la­tions, in­ter­na­tional re­la­tions, agri­cul­ture and land re­form and mem­ber or­gan­i­sa­tions.

The pream­ble to the BBC con­sti­tu­tion recog­nises that the long-term po­lit­i­cal and so­cial sta­bil­ity of South Africa re­quires that there is sig­nif­i­cant and sub­stan­tial black own­er­ship and con­trol at all lev­els of the coun­try s

’ econ­omy and busi­ness.

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