NDABA NTSELE LEADS BBC
Black business unified in its bid to transform the economy
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.