Why is a black man­ager re­placed by a white one?

The Star Early Edition - - LETTERS - Lau­rel An­goma

THE step­ping down of Thabo Dloti as chief ex­ec­u­tive at Lib­erty Life, a Stan­dard Bank en­tity, comes as no sur­prise.

This fol­lows a dis­mal per­for­mance in head­line earn­ings by de­clin­ing 61% at fi­nan­cial year end De­cem­ber.

While this may be jus­ti­fi­able, I am dis­ap­pointed that he is be­ing re­placed by a white man­ager.

There has been con­cern ex­pressed about cor­po­rate South Africa be­ing lack­adaisi­cal and not show­ing any signs or in­ter­est in im­ple­ment­ing trans­for­ma­tion.

Does Stan­dard Bank not have any ca­pa­ble black man­agers pos­sess­ing the skills to fill that post?

If that is the rea­son, then it is a se­ri­ous in­dict­ment of them for fail­ing to de­velop talent. Re­cent statis­tics have shown Stan­dard Bank to be lag­ging behind their com­peti­tors. Ned­bank, has 54% black man­agers in top po­si­tions against Stan­dard’s 22%.

The prob­lem is that the gov­ern­ment de­part­ment charged with the re­spon­si­bil­ity to mon­i­tor and en­force trans­for­ma­tion has shown it­self to be tooth­less and is do­ing lit­tle to pe­nalise the im­punity with which these re­quire­ments are fla­grantly dis­re­garded. Kelvin

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