30% Club
GROWTH THROUGH DIVERSITY www.30percentclub.org
30% CLUB SOUTHERN AFRICA Annual Review 2018. 1
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FOREWORD MEMBERS STEERING COMMITTEE MEMBERS’ DINNER CAPE TOWN AND DURBAN REGIONS THE BOARDWALK AND LEADERSWALK GENDER MAINSTREAMING AWARDS INTERNATIONAL VISITORS GENDER E ZINE RESEARCH THE CONNECTED WORKPLACE MENTORING PLATFORM LAUNCH OF THE 30% CLUB EAST AFRICA GENERAL THE YEAR AHEAD
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FOREWORD This is the fourth annual review of the 30% Club Southern Africa (30%CSA) and records the main endeavours and achievements for the past year 2018. When I look at how far we have come in four short years it makes me realise that, notwithstanding our many challenges both individually and collectively, we should be very grateful for what we have achieved, and what we are able to achieve in the future. Yes, we have corruption to deal with, poverty and education desperately have to be addressed; and land and other property concerns are often at the forefront of our thinking. We know that the matter of gender in the workplace will be debated for a long time to come. We also know that when we see the steps that we are taking, not working in silos, we are moving forward. Seeing what other 30% Club chapters are experiencing and getting themselves involved in, I am proud to say that the 30% Club Southern Africa ranks very highly and all the members can be very proud of their efforts. I know I am. We have always said that we want to be known as an organisation that produces results. Having events is all well and good but if you are not changing the landscape, what are you really doing and why are you doing? Quality over quantity has a lot going for it. 4
When we started the BoardWalk and LeadersWalk programmes it was with the stated aim that we would assist in placing new talent in the boardroom. In Johannesburg, Cape Town and Durban since we started the Boardwalk we have had a total of 24 events and LeadersWalk 10. Altogether, since the inception of the BoardWalk / LeadersWalk up until 31st December 2018 1,098 people have attended the BoardWalks and 752 the LeadersWalks. This excludes LeadersWalks that have been company or organization specific. It also excludes Nairobi which is covered below. Due to the success of 30%CSA in 2018 Business Engage launched the 30% Club in East Africa. We had to fight hard for the campaign management to see the value in launching in the region. It also took us a while to ensure that we were ready to launch. We started off at the end of 2018 with a LeadersWalk and we look forward to making a success in that region. We are fortunate that many of our members in South Africa are also well represented in East Africa. I am not going to dwell on our existing activities, they are here for you to read. I do however want to briefly mention two new initiatives for 2018. Firstly, the JSE Listed Companies Research which has been occasioned by new listing requirements effective January 2017. The 30% Club has, without publishing, been tracking the opportunities at board level afforded to women by the rotation of non-executive directors as recommended by the King Codes. The new listing requirements however provided a clear opportunity for a campaign such as the 30% Club to track, over a sustained period of time, what the JSE listed companies are doing in terms of gender at board level. Secondly, our on-line mentoring platform which will be launched early 2019. Whilst we have always recognized the need for mentoring in all formats we have stayed away from it until such time as we could manage the process to the standards that we strive to uphold. I should note in this regard that the platform when it is launched is not the total experience that we are looking for. We estimate it will take us about two years to get to that position. Finally, any organiation is only as good as the people who drive it. Many individuals have made great efforts to support the 30% Club in so many ways during the year and as always such efforts are greatly appreciated. Colleen Larsen F. Inst. D. President 30% Club Southern Africa
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MEMBERS’ LIST AS AT 14 FEBRUARY 2019; Members • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Fay Mukaddam; CEO - 4AX Wendy Lucas-Bull; Chair - ABSA Maria Ramos; CEO - ABSA Norman Mbazima; Chair - Anglo American South Africa Sipho Pityana; Chair - Anglo Gold Ashanti Lorraine Hill; Group Operating Officer - Aspen Holdings Emmy Leeka; CEO - Barloworld Equipment Benoit Fricard; MD - BASF Holdings South Africa Candice Watson; HR Director - British American Tobacco John McCorry; Bureau Chief - Bloomberg Ashleigh Hale; Partner - Bowmans Marina Bidoli; Partner and Office Head - Brunswick Robyn de Villiers; Chair and CEO - Burson Cohn Wolfe Jonas Bogoshi; CEO - Business Connexion Clayton Naidoo; General Manager Sub-Saharan Africa - Cisco Peter Crawley; Country Manager - Citi Group Brent Williams; CEO - Cliffe Dekker Hofmeyr Jacqui Jooste; CEO / Country Manager South Africa - Coface Thierry Pimi; MD Africa Middle East - Cummins Africa Middle East Trevor Brown; Chair - Deloitte Patrick Dlamini; CEO - Development Bank of South Africa Graeme Harlow; MD - Diageo TBA - EY Michelle Geraghty; Regional Director Gauteng South West - FNB Business Thembi Mosai; CEO - Group Five TBA - Hogan Lovells Parmi Natesan; CEO - Institute of Directors SA Stephen Koseff; CEO - Investec Ltd. / PLC David Munro; Group Chief Executive - Liberty Holdings Mary Bomela; CEO - Mineworkers Investment Company Lerato Maupa; Head HR: Card, Payments and Transactional - Nedbank Sheldon-Scott Halcrow; Head: Central Region - Nedbank Private Wealth Sbu Gule; CEO - Norton Rose Fulbright Busisiwe Mathe; Chair - PwC South Africa James Formby; CEO - Rand Merchant Bank Miles Dally; CEO - RCL Foods TBA; TBA - Refinitiv (Previously Thomson Reuters) Yvonne Mhinga; Board Member - SA Canadian Chamber of Commerce Kevin Penwarden; CEO - SA Homeloans TBA - Sanlam TBA - Sanlam Stuart Kent; Regional Executive - SNC Lavalin Graham O’ Connor; CEO - Spar Saif Malik; MD, Head of Global Banking, Africa - Corp. & Inst. Banking - Standard Chartered Bank Monica Singer; Ex CEO - Strate Ltd. 7
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Refiloe Nkadimeng; CFO - Thebe Investment Corporation Dineo Molefe; MD - T-Systems Shameel Joosub; CEO - Vodacom Sally Hutton; Managing Partner - Webber Wentzel Chris de Kock; CEO - Wesbank Faith Khanyile; CEO - WDBIH
Associates • • • • • • • • •
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African Women Chartered Accountants Brand South Africa Gauteng Women Insurance Initiative Manpower PDA-Africa Primestars UCT Graduate School of Business Vuma Reputation Management Women Property Network
Steering Committee The Steercom met four times in 2018 to attend to the various matters at hand. The hosting of the meeting is rotated between the members; 21 February: Investec 15 attendees. 25 April: T-Systems 12 attendees. 20 June: Vodacom 17 attendees. 25 September: RMB 15 attendees. Whilst Business Engage focuses on the administration and day to day running of the 30%CSA, the Steercom ensures that the aims of the campaign are being met.
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Members’ Dinner The fourth Members’ Dinner was held on 8th March 2018. 160 invitees enjoyed good food, wine and great company. The Members Dinner is an opportunity to introduce South African business leaders to the work of 30%CSA. The guest speaker was well known scenario strategist Chantell Ilbury, co-author with Clem Sunter of Mind of the Fox. In her talk Chantell encouraged the audience to envisage what will South Africa look like in 2025, and what it should look like? Given the changing world of work set in the context of a country with currently low economic growth, high levels of unemployment, and an education system facing obsolescence, will South Africa’s competitiveness in a global world be sustainable in 2025? What are the essential conversations we need to have as businesses? And, more critically, is South Africa producing the skills and people who can think the future, who can drive it.
Cape Town and Kwa-Zulu Natal Regions The Cape Town region which was launched in November 2017. Since then a number of BoardWalk / LeadersWalk events have taken place and the region is growing stronger. The KZN region likewise, has hosted a number of BoardWalk / LeadersWalk events and whilst having started after Cape Town, and has yet to have an “official” launch, has grown in a very pleasing manner.
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The BoardWalk and LeadersWalk Started in September 2015, the BoardWalk and LeadersWalk have now reached a level of maturity in Johannesburg, Cape Town and Durban. Most of the events now are fully subscribed. The events held in 2018 were; BoardWalks Johannesburg 20th February 2018: RMB
Attendees 89: Hosts 9 Guest Speaker: Liesl Bebb-McKay
29th May 2018: Bowmans
Attendees 158: Hosts 16 Guest Speaker: Megan Grindell
24th July 2018: Webber Wentzel
Attendees 108: Host 10 Guest Speaker: Ziyanda Ntshona
18th September 2018: Liberty Life
Attendees 79: Hosts 9 Guest Speaker: Sneha Shar
20th November 2018: Deloitte
Attendees 105: Hosts 11 Guest Speaker: Valter Adao
Cape Town 22th February 2018: T-Systems
Attendees 82: Hosts 9 Guest Speakers: Mary Ovenstone / Mark Smith
25th May 2018: PwC
Attendees 83: Hosts 8 Guest Speaker: Rob Green
26th July 2018: FNB
Attendees 87: Hosts 9 Guest Speaker: Shirley Zinn
Durban
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7th February 2018: Bidvest
Attendees 51: Hosts 5 Guest Speaker: Boitumelo Mokgatle
17th April 2018: SA Home Loans
Attendees: 45 Hosts 5 Guest Speaker: Anujah Bosman
6th June 2018: Deloitte
Attendees 36: Hosts 4 Guest Speaker: Wendy Mahoney
1st August 2018: FNB
Attendees 86: Hosts 9 Guest Speaker: Andrew Hudson
LeadersWalk Johannesburg 20 March 2018: Liberty Life
Attendees 82: Hosts 10 Guest Speaker: Liesl Bebb-McKay
19th June 2018: Nedbank Private Wealth
Attendees 76: Hosts 9 Guest Speaker: Ilze Alberts
14th August 2018: FNB
Attendees 93: Hosts 11 Guest Speaker: Michelle Geraghty
16th October 2018: PwC
Attendees 98: Hosts 13 Guest Speaker: Busiswe Mathe
Cape Town 20th September 2018: FNB
Attendees 86: Hosts 8 Guest Speaker: Joy-Marie Lawrence
22 November 2018: 15 On Orange
Attendees: 74 Hosts 9 Guest Speaker: Debbie Goodman-Bhyat
Durban 27th September 2018:
Attendees 98: Hosts 9 Guest Speaker: Mamokete Ramathe
151h November 2018:
Attendees 97: Hosts 11 Guest Speaker: Nazreen Pandor
Organisation Specific LeadersWalks Gauteng Women Insurance Initiative hosted by Hogan Lovells 18th June
Guest Speaker - Roy Clark
Wesbank 23 March and 29 June
Internal speakers
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LeadersWalk Challenge The aim of the Challenge is to develop integrated business acumen and skills using an easy to use, compact, flexible tool to learn how a business or unit is run. Then apply the learning to case studies and enhance the learning through group participation, competing for an overall award. The LeadersWalk Challenge focuses on enhancing company performance through the use of four tactical pillars - Capital; Productivity; People; Innovation. At the end of the LeadersWalk Challenge, participants will be able to: • • • • • • • • •
Make more informed decisions from and for each line of an income statement and cashflow statement; Make better calls on portfolio management; Develop plans on product launches and lifecycle maintenance; Analyse return on investment on advertising, marketing and sales activities; Set clear priorities for the business; Develop aggressive growth action plans; Enhance the profitability of your business; Engage with all stakeholders in a business; and Develop clear people development plans.
Applications from eleven challengers were received from three companies, Anglo Gold Ashanti, BursonMarsteller and Coface. The Challenge was conceived and facilitated by Enrico Baldassarri. Enrico has significant international experience in the consumer goods space. Prior to joining Revlon in 2015, as its regional MD, Enrico was the managing director of Johnson & Johnson Medical based in South Africa, staging a successful turnaround of their operations back to profitable growth. He has had particular success in the field of restructuring and expanding businesses, leading to enhanced profitability for organisations in developing and emerging markets, with specific expertise and focus in Africa. The Challenge and the final case study was held over 10 May 13/14 June and 19 July 2018. The Challenge submissions were received at the end of August and the winners were notified thereafter. The challengers were divided into three groups who named themselves “Gold” “LOL” and “Bulgro Co”. The results were; Bulgro Co 64 pts – winners Gold 62 pts LOL 54 pts
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Gender Mainstreaming Awards The 6th Gender Mainstreaming Awards was held at the Blue Wing TicketPro Dome on 13 September 2018 in association with the 30% Club Southern Africa. PwC were yet again the naming right sponsors. 800 people attended.
The Gender Mainstreaming Champion for 2018 is Barloworld Equipment;
Blue Chip Companies who entered the awards include;
As per last year the Academy of Television and Screen Arts provided live recording of the event.
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ABSA ABSA Capital Anglo Gold Ashanti Barloworld Equipment Cummins Clover De Beers EY Group Five PPC Standard Chartered Bank T-Systems Vodacom Wesbank
Two new awards were introduced in 2018. As a deviation from the balance of the awards these were given to individuals and not to the company. The Positive Role Model Award was won by Dineo Molefe CEO T-Systems and the Inclusive Leader was won jointly by Bruce Cleaver CEO De Beers Group and Gino Butera MD Africa and Middle East Cummins. The entertainment was provided by the Drum Café, the RMB Choir and Andy Klee.
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Previous winners are PPC, T-Systems, Business Connexion, Vodacom and RMB.
The Times Media Group again produced a gender supplement in the Sunday Times which was inserted in 70,000 copies. In addition to the 30%CSA, a number of the 30%CSA participating companies were profiled. Barloworld Equipment is Mainstreaming Champion.
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[Pictured Above] Barloworld Equipment - Winners 2018
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International Speakers Continuing with the 30%CSA policy of attracting top quality international speakers on 30%CSA hosted a number of visitors to the country; SA Is Open for Business On 16 July 2018 The Centenary Business Summit “South Africa Open for Business”, was hosted at Equinox in Sandton. The summit was developed jointly by India Martin and Colleen Larsen. India is a 25-year veteran of financial services who now runs a leadership, executive coaching and global advisory consultancy, Leadership For Life (LFL). India works regularly across the continent and is a proponent of the globalization of African brands. The keynote, main panel, and curated break out groups were designed to encourage a robust dialogue and challenge perceptions around doing business in Southern Africa. The panels were a combination of both the international guests and local business men and women. The U.S Centenary Delegation are a well-respected cohort of senior executives with global responsibilities at some of the world’s largest and most well-respected firms. They are widely recognized as business leaders, subject matter experts and trailblazers across their respective sectors. The purpose of the delegation is to engage in thoughtful conversation with South African business leaders about the vision, business operating environment and challenges in attracting direct foreign investment to Southern Africa. The summit sponsors were Equinox, Thomson Reuters, Distell, Brand South Africa and Leadership for Life. Regina Robinson and Shevelle McPherson Regina is an award-winning global speaker, best selling author, coach and Forbes Coaches Council member. Regina and her friend Shevelle, both from the USA, gave a well-received talk at Equinox Sandton entitled “Unlock Your Inner Confidence and Show Up as the Authentic You”. Fiona Stewart-Knight Fiona represents the University of Strathclyde; Glasgow and on 5 March 2018 gave a synopsis of the work that the university does in South Africa assisting with individuals completing academic studies in order that they may advance their careers.
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Gender E Zine Launched in December 2015, the Gender E Zine is an e-magazine profiling 30%CSA and non-30%CSA members in their gender activities and initiatives. The E Zine is sent out to all members, contributors and interested parties. Recipients are encouraged to distribute the E Zine, which is free of charge, widely to their employees, clients and other stakeholders.
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Research As reported in the previous yearly review, in 2017 the 30% CSA undertook research on both the gender reporting by JSE listed companies and the prevalence of female appointees to board position in terms of the King Codes non-executive director rotation. This research was never published. During 2018 we focused on the research into the JSE companies and specifically the listing requirements in terms of gender which states; “the board of directors or the nomination committee, as the case may be, must have a policy on the promotion of gender diversity at board level. The issuer must confirm this by reporting to shareholders in its annual report on how the board of directors or the nomination committee, as the case may be, have considered and applied the policy of gender diversity in the nomination and appointment of directors. If applicable, the board of directors or the nomination committee must further report progress in respect thereof on agreed voluntary targets; The key finding of the research, which covered the period 1 January to 31 December 2017, was that this requirement is having a positive impact on women’s opportunities in the boardroom and that, based on the information currently available, opportunity for 84 women to be appointed to 62 boards exists in the near future. The full report is available on the Business Engage website. WDB Investment Holdings, the Institute of Directors Southern Africa and Korn Ferry partnered with 30%CSA in this research.
The Connected Workplace The Connected Workplace was held on 21 June at Citi Group, Sandton. There were 105 attendees who were treated to presentations from Absa CIB, Coface and Liberty Holdings. 20
Mentoring Platform Towards the end of the year Business Engage entered into an agreement with a UK based company for the development of an on-line mentoring platform for 30% Club and Business Engage members. Development of the platform started towards the end of 2018 and will be launched in the first quarter of 2019.
Launch of the 30% Club East Africa On 24 October Business Engage launched the 30% Club East Africa in Nairobi. The launch event was a LeadersWalk held at the Villa Rosa Kempinski Hotel and sponsored by Standard Chartered Bank. The Speaker was 30%CSA member Sneha Shah, MD Thomson Reuters (now renamed Refinotiv). 80 people attended the event.
General During 2018 30%CSA became a “preferred partner� of Maserati South Africa.
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The Year Ahead 2019 will be a watershed year for 30% CSA / CEA. In South Africa we are preparing for accelerated and sustainable growth. More and more blue-chip companies are seeing the benefit of joining the campaign. The word is getting out and we now have more organisations phoning up out of the blue requesting more information. As more JSE listed companies take cognisance of the gender listing requirements we are looking forward to interacting with those companies that are not already members. For the first time, attendance at the Gender Mainstreaming Awards will top 1,000 and we have moved from Vodadom to the Blue Wing TicketPro Dome to the main arena at the TicketPro Dome in successive years. Those of you who have been with us for a while will remember that when we started the Gender Mainstreaming Awards in 2013 attendance was 320. In 2019 we will look to strengthen the South African regions and consolidate our initial drive into East Africa. We will of course look to continue to focus on our working relationship and partnership with all our stakeholders and look forward to adding meaningfully to those partnerships.
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CONTACT : Colleen Larsen 084-353-9865 colleen@businessengage.co.za www.30percentclub.org 24