Sandile Zungu, the new president of the Black Business Council (BBC), says it was warned by corporate SA to get its act together or face funding cuts. "They wanted credible leaders they can talk business with," he says. The 51-year-old billionaire founder and chair of Zungu Investments Company says his mandate and immediate priority is to repair the BBC's "tattered" credibility. He blames its battered image on the "saga" of a R5m donation from the Airports Company SA that disappeared after being given to immediate past president Danisa Baloyi. But many believe the BBC's problems began when Zungu, who was then secretary-general, took the BBC out of Business Unity SA (Busa) in 2012, accusing it of being anti-transformation and pro-white monopoly capital and of ignoring the interests of black business. Led by the silver-tongued Umlazi-born, Michaelhouse- and University of Cape Town-educated entrepreneur who bankrolled Jacob Zuma's presidential bid and remained his most eloquent praise ...

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