BBBEE: Economic Transformation Panacea or Recipe for Economic Decline?
A perspective from the trenches by Sipho Nkosi, former CEO of Exxaro Resources Limited
Homo Novus Community Projects invites you to join us on Saturday 26 August 2017 for a breakfast with Sipho Nkosi, former CEO of Exxaro Resources Limited. Sipho will give a perspective from the trenches on BBBEE and your business.
Time: 08h00 for 08h15 (Breakfast will be served from 08h15, and Sipho will be introduced from 08h45, and we plan to finish at around 10h00.)
Where: Fontainebleau Youth Centre, c/o Rabie Street and Fourth Avenue, Fontainebleau, Randburg (Use Entrance in Rabie Street)
- R135.00 per person.
- R500.00 per group of four.
- R750.00 for a table of six persons.
A short introduction to Sipho Nkosi
Sipho Nkosi was born on 29 April 1954 at Vryheid, KwaZulu-Natal and his career has enabled him to develop a depth of experience in the energy and coal sectors both locally and internationally.
Sipho retired as the CEO of Exxaro Resources Limited at the end of March 2016 after a period of 10 years. Before being one of the key role players to form Exxaro Resources, he was the founding member of Eyesizwe Coal since 2001. Previously he worked as Country Manager of ABB Alstom Power (SA), and worked at Anglo Coal and Ingwe where he was the Marketing Manager responsible for international coal marketing. This position involved extensive travel and provided him with an in-depth knowledge and understanding of the coal industry worldwide.
Sipho serves on several company boards, including being the Senior Independent Non-Executive Director of Sanlam. Sipho is a Past President of the Chamber of Mines of South Africa and has been serving on the Executive Council of the Chamber since November 2006. Previously he also served as Chairman of the Chamber’s Collieries Committee. He is also a member of the Council of the University of the Witwatersrand.
What is the aim of the breakfast?
Homo Novus wish to gradually built a network of businesspersons to support Homo Novus and with whom we can co-operate – hopefully via BEE and other legislation in a way that is mutually beneficial. Companies with a turn-over of R10 million must begin to consider the impact of BEE and should be interested in this presentation.
But apart from that it is also important that we share stories of success in transformation in order to motivate and inspire. We all know that the only way forward for South Africa is along the route of reconciliation. Let us listen to one such story.