Jul 09, 2012
Politically connected BEE players lose iconic status - reportBack
Africa|MTN|Africa|South Africa|Reputation Institute|Mining|Cyril Ramaphosa|Dominik Heil|Graham Mackay|Jacob Zuma|Kgalema Motlanthe|Mbhazima Shilowa|Patrice Motsepe|Saki Macozoma|Sifiso Dabengwa|Zwelinzima Vavi
© Reuse this
Black economic-empowerment (BEE) business leaders who succeeded in the past predominantly through political clout, rather than entrepreneurial initiative, were no longer regarded as iconic, a new study by the Reputation Institute South Africa has found.
The ratings of all those surveyed in terms of respondents’ emotional connections to leaders showed that mining magnate Patrice Motsepe achieved the highest score with 64.56.
In overall second place was Congress of South Africa Trade Unions general secretary Zwelinzima Vavi (61.17), followed by Deputy President Kgalema Motlanthe in third place with a rating of 59.93. MTN CEO Sifiso Dabengwa (59.38) and SAB Miller’s CEO Graham Mackay (59.31) took fourth and fifth places respectively.
Meanwhile BEE leaders Cyril Ramaphosa (55.54), Tokyo Sexwale (54.75) and Saki Macozoma (54.74) were placed 13th, 15th and 16th in the survey respectively.
With an average score of 49.4, politicians in South Africa performed better than other world political leaders, who scored 43.20 in a similar survey in 2011, while South African business CEOs, with an average score of 55.68, fared worse than the global average for business leaders of 59.80.
Heil said the Reputation Institute conducted the study to give an informed baseline to the debate about the kind of leadership that is needed in South Africa to achieve a shared vision for society.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Economy News
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years. The buildings will be the same and most of the staff will be the same but as the...