I have observed with great interest the actions of Brian Molefe, PIC CEO, in meetings where his institution is a shareholder. My interest is the energy he has shown in engaging predominantly white businesses that sought to undermine and exclude African talent.
Many major companies benefited substantially during apartheid. I presume in time such companies will change their attitudes, especially in nurturing and retaining African talent.
Some time ago Molefe fought with Sasol for failing to elect one African person. A U-turn was made and a Ms Mkhize was elected to the Sasol board. Mkhize was nominated, not because she is a token woman, but because she has enormous experience in the industry.
Then it was Barloworld that undermined its chairman Dumisa Ntsebeza by appointing a white deputy chairman to police him. Through Molefe's intervention, the position of deputy chairman was withdrawn.
Last week Alexander Forbes announced the appointment of Bruce Campbell, CEO of Mutual & Federal, as its executive chairman.
Peter Moyo has proved he has the leadership and management capacity to steer Alexander Forbes in the right direction.
Abel Mtshweni, Tshwane