Amandla comrades, Certainly, what remains our quest is to see a significant increase in the numbers of black people who manage, own and control the country’s economy. To a great extent, both Nedbank and Old Mutual do not seem committed to achieving acceptable levels of equity representation on its senior top management — a key transformation measure associated with the management control in terms of the Broad-Based Black Economic Empowerment Act. The stripping of powers of the newly appointed CFO of Nedbank Raisibe Morathi and restructured reporting lines of Old Mutual CEO Kuseni Dlamini, it was just the tip of the iceberg. In fact, it provides proof of deep-seated and prejudiced agenda to exclude black people in operational roles. It's high time that we enforce a legal process in an effort to force delinquent companies to achieve acceptable levels of equity representation in order to realise objectives of the B-BBEE. There’s no way we will sit and watch the status quo perpetuating the legacy of the apartheid past. It's commendable that the Department labour continues to name and shame defaulting companies, however it's important that the department be accorded with prosecuting powers to deal specifically with companies that adopt delaying tactics not to comply with affirmation action and BBBEE policies. Otherwise, it will remain a recurring problem impacting on the transformation of our economy to perform below its potential. Action maqabane, transformation is under threat! I remain, Morgan Phaahla Ekurhuleni
"Sometimes, if you wear suits for too long, it changes your ideology." - Joe Slovo --- On Mon, 9/28/09, Gugu Ndima <[email protected]> wrote: From: Gugu Ndima <[email protected]> Subject: [YCLSA Discussion] The YCLSA commends the Labour department’s firm stance on affirmative action To: [email protected] Date: Monday, September 28, 2009, 3:47 AM The YCLSA commends the Labour department’s firm stance on affirmative action 28 September 2009 The Young communist League of South Africa (UFasimba) commends the firm stance taken by the Director General of the Labour Department, Jimmy Manyi on affirmative action. Since his appointment, Manyi has asked relevant questions to companies that have previously got away with non-compliance with regards to Affirmative action policies. The recent interrogations include the questioning of why the newly Appointed CFO of Nedbank was stripped of her powers, and now the recent culprits Old Mutual who also restructured Kuseni Dlamini’s reporting lines. There is still a high level of resistance within lily-white corporate South Africa to recognise black candidates as legitimate employees in their companies who are just as competent as their white counter parts. The YCLSA further affirms support for the Department labour to continue to name and shame those that choose to undermine the law and our government. With such an attitude taken up by the Department of labour, transformation is becoming more of a reality for the black majority. We wish the Director-general all the best in this challenging post that he has taken up. Issued by the YCLSA Head office Contact Gugu Ndima (076 783 1516) National spokesperson -- Gugu Ndima +27 76 783 1516 --~--~---------~--~----~------------~-------~--~----~ You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . -~----------~----~----~----~------~----~------~--~---
