×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Now that the dust is settling after the public outcry sparked by the unexpected departure of Absa’s first black CEO, Daniel Mminele, I believe it is important for the black business community to do honest introspection on how broad-based BEE (BBBEE) and transformation policies are implemented in this country.

In the wake of the recent announcement by Absa that it was parting ways with Mminele just more than a year into his tenure as CEO, the banking group was vigorously condemned by a number of organisations. Finance union Sasbo and black lobby groups the Black Management Forum (BMF), the Black Business Council (BBC) and the Association of Black Securities & Investment Professionals (Absip) all expressed unhappiness about the announcement...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.