The Black Management Forum Welcomes the Appointment of the New Board of Directors at Eskom

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.

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The Black Management Forum Congratulates the Newly Elected Leadership of the African National Congress

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. 

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NEW MANAGING DIRECTOR ANNOUNCEMENT - THE BLACK MANAGEMENT FORUM 

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.

 

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