ANDILE KHUMALO: A double body blow to ethics in a week of scandals
Corporate governance can be taught and measured
The past week saw corporate South Africa reeling from two major scandals; although different in nature and size, they have a common denominator - ethics. The Black Business Council was reformed in 2013 following years of cohabitation as Business Unity South Africa. Black business leaders felt the need to pursue the overt transformation agenda in an undiluted form. Reborn out of a need to focus on building a strong foundation for black business to flourish, the BBC soon gained the confidence of political and other business leaders. Its first president, Patrice Motsepe, with whom I worked closely at the time, was often at pains to preach the need for a focus on ethics and integrity. Motsepe contributed his name and his own financial resources to ensure the new baby grew to meet its defined historical mandate. Ndaba Ntsele, the next president, consolidated the gains made by Motsepe. This week, Ntsele's successor, Danisa Baloyi, was suspended by the organisation. The reason is now publi...
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