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
Updated 7 hours ago A well-documented challenge facing the construction industry is the across the board skills shortage, which has the potential to seriously affect the sustainability of the sector. “Within construction people are our greatest assets and the Stefanutti Stocks group is...
Updated 1 hour 45 minutes ago Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and...
Updated 2 hours 4 minutes ago Hot on the heels of the launch of Rustenburg’s rapid transport system’s brand name and logo last week, a negotiation framework agreement (NFA) has been formally agreed to and signed by the Rustenburg Local Municipality (RLM) and taxi and bus operators affected by the...
Updated 2 hours 5 minutes ago The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface. The scope of work comprised the extension of Runway 11/29, the...
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
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
The World Wide Fund for Nature’s (WWF’s) 2014 Living Planet Index (LPI) indicates that there has been a 52% decline in vertebrate species since 1970. The Index tracked the trends of 10 000 discrete populations of over 3000 vertebrate species between 1970 and 2010.
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
The Competition Commission has launched an investigation into what it says are “price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive components to original equipment manufacturers” (OEMs, or vehicle...