Top Women in Business and Government 2011 by Topco Media

TOP WOMEN IN BUSINESS & GOVERNMENT

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C O N T FRONT MATTER

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6 Publisher’s Letter......................................................................... 7 A-Z Listing of Featured Companies . ....................................... 8 Associate Publisher’s Letter ..................................................... 9 Editor’s Letter .............................................................................. 9 Research Criteria............................................................... 17 Company Index by Sector ........................................................ 18 Key Sector Index ......................................................................... 52 Contributors.................................................................................

Women drive the burgeoning renewable

energy sector

The renewable energy sector is wide open for growth. Some remarkable women have been instrumental in making it happen and all indications are that women will play a major role in the industry, reports Yugendree Naidoo.

Coming from a base level of virtually zero, renewable energy is set to be a fastgrowing sector. It holds the promise of jobs, development and significant contribution for the South African economy, lessening the country’s huge carbon footprint and assisting it to regain some moral authority in a world placing greater focus on sustainability. Renewable energy is a new sector of the South African economy and entrepreneurs have long been waiting to develop a field that holds the promise of both financial reward and environmental benefit. The problem is that the field has yet to be marked out.

Obstructing development To sell electricity generated from renewable sources, the Independent Power Producers (IPP) would have to feed into the national electricity grid set in place and managed by Eskom. The Renewable Energy Feed-in Tariff (Refit) – payable to an independent buying office – has been set by the National Energy Regulator of South Africa (Nersa). However, an independent buying office has not been established by the energy ministry.

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In addition, the necessary Power Purchase Agreement (PPA) to detail the liabilities held by both IPPs and Eskom has to be finalised.

Until these are in place, potential renewable energy suppliers are unable to draft accurate business plans, which inhibit their access to finance. “It’s like announcing there will be a party, but not saying when it will happen or who will be invited,” said Harmke Immink, Director of Promethium Carbon, which offers comprehensive climate change services covering carbon strategy development and implementation, carbon footprint calculation and the development of carbon credit projects. Immink says the lack of finalisation of agreements and legislation has inhibited sector development. However, this has not been a deterrent: environmental impact assessments (EIAs) are being undertaken, data measuring stations for calculating renewable energy production are being set up, and private investors have already committed R10-billion to development in the sector with pilot projects such as the Darling Wind Farm on the Cape West Coast.

There are a significant number of women holding senior or significant positions with regard to sustainability, both at government level and in the private sector, said South African National Energy Association (Sanea) chairperson Brian Statham.

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ENTREPRENEURSHIP SPECIAL FEATURE

Building an

How to make a vision reality With a vision in mind, anything is possible. Trinity Ncala explores how believing in yourself and having the tenacity to overcome all odds can set you on the right path to living out your dreams.

Even though it came with all these opportunities, the year came and went and South Africa still has a high unemployment statistic. The yearon-year comparisons show that the number of unemployed increased by 155 000, with an annual increase of 2.7 percent among men and 4.7 percent among women, according to Statistics South Africa. Of the 25 percent of unemployed people, 51 percent are young people looking for any opportunity to prove themselves.

Statistical insight Statistics reveal that about 33 percent of South Africa’s entrepreneurial activity is born out of necessity. Statistics also show that women are most affected by unemployment. This being the case, it surely presents the opportunity for women to rule in the entrepreneurship sector – but the truth is contrary. According to a special report by the South African Women Entrepreneurs Network in 2005, women business owners cite a number of reasons for becoming entrepreneurs. An analysis of the main reasons suggests the following trends: • Challenges and attractions of entrepreneurship • Self-determination and autonomy • Family concerns – balancing career and family • Lack of career advancement and discrimination

The architecture of an entrepreneur “Entrepreneurs are neither born, nor made. To start your own business takes 10 percent capital

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and 90 percent guts!” says Raymond Ackerman. The best advice to future entrepreneurs in similar circumstances when embarking on the same path is to pack a toolbox which you can use on your journey. In it, keep a good spanner of burning passion to make the business work, a screwdriver of intelligence and business acumen, pliers of heavenly wisdom and a big hammer of energy! When you make a decision to be an entrepreneur, a vision and a mission statement are critical. This becomes your compass which guides you. While inspiring his congregation, one pastor showed them a pot plant and asked them what they were looking at. The congregation replied that it was a plant, and then they all laughed at this seemingly silly question. The pastor then responded by saying that what they were actually looking at was a forest. In that one small pot plant which he had in his hands, sat the potential for a huge forest. This is the same for every business and every vision.

Grooming the Next Generation of Leaders..............................

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When you make a decision to be an entrepreneur, a vision and a mission statement are critical. This becomes your compass which guides you.

Launching women empowerment initiatives The New Faces, New Voices initiative championed by Graca Machel, was launched in 2010 and focuses on bringing together professional women in the financial and banking industry throughout the African continent. As an association, they are “committed to seeing women in Africa assuming key roles in the financial sector and contributing to the decisions that shape the African continent,” says the African Development Bank. This is a great opportunity to connect women across the continent. According to the Department of Trade and Industry (dti), “no economy can grow by excluding any part of its people and an economy

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Building an Empire..................................................................... How to make a vision reality Trinity Ncala

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FINANCE & MANAGEMENT SPECIAL FEATURE

Investment for beginners Investment has become an art and often needs in-depth research and experience to be implemented successfully. Madeleine Barnard explores the ins and outs of investment and how to start paving your way to greater financial security.

One definition for investment is ‘the act of committing money or capital to an endeavour with the expectation of obtaining an additional income or profit’. Sounds easy enough, but for many folks who don’t work in the investment industry, the mere word is enough to make them run screaming in the opposite direction. Images of stressed traders shouting at stock exchanges, the ripple effects of market crashes and the resultant recessions can be pretty hairy stuff for ordinary folk like you and me. In the economic climate of today, and with the job insecurity of the early 21st Century, investment is something that everybody should consider. Gone are the days where you worked for the same company for 30 to 40 years and retired to the rocking chair on your porch with a comfortable sum of money in the bank to keep you going until you kick the bucket. Around the world, the responsibility for preparing for your retirement is moving increasingly onto the shoulders of retirees themselves. It used to be the state or the company – the one you would work at for 40 years – that had to see to it that you could stop working and maintain your lifestyle. Not any more. Ordinary people are now looking towards investing, not as a luxury, but as a necessity to make enough money to retire. People are also getting older, so they need even more to keep them going until they die.

Why invest? You earn a certain amount of money per year. This is dependent on the amount of time – and effort – you put in. The mere idea of making money while doing nothing is almost too good to be true. Yet a lot of people are, at this very moment. They are lying on the beach while their income is increasing. This magic is happening because they invested what they had available instead of leaving their hard-earned money in, for example, a savings account, where it earns

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interest that doesn’t keep pace with inflation. In a nutshell, investing means you put your money to work to make more money.

How does the money grow? The longer the period of your investment, the more you will experience the miracle of compounding. This is the process of making money off an asset’s reinvested earnings. So, in the end, you make interest on interest. In order to put this principle to work for you, you need to do two things: reinvest your money, and give it time to grow.

Investment, even though it involves crunching numbers, is a soft science, and dependent on human emotion. Human beings, by their nature, are unpredictable creatures. And markets react to emotions.

So far, so good. Now that you’re considering the importance of investment, you’re still on the back foot. You know close to zip about the subject, and you don’t know where to start. Abri Du Plessis, Chief Investment Officer at Gryphon Asset Management, is very clear on the subject: “This is a complicated subject and a specialised field. I’ve been investing for 22 years, and still I don’t always get it right.” So his primary advice is to approach the field of investment with great stealth, with the urge to learn, and never stop learning. Investment, even though it involves crunching numbers, is a soft science, and dependent on human emotion. Human beings, by their nature, are unpredictable creatures. And markets react to emotions. Du Plessis names euphoria and fear as the two major emotions that most affect markets.

is: the less time you have left in which to make money, the more conservative your approach to investment should be. If you’re in your twenties, you can still take risks with investment – you can make up for losses because you have the time to do it. But the closer you get to retirement, the more careful you should be about taking risks with the money you’ve earned. Your investments should also suit your personality – if you’re a daredevil by nature, you’ll probably enjoy the excitement of high-risk investments too. If you like a safe, predictable and peaceful existence, better beware – you must be able to deal with the level of volatility you choose for your investments. If you’re tossing and turning and thinking about money when you should be getting some shut-eye, you’re taking too much risk for your personality. Your personal circumstances, your income, your financial commitments and your personality are a few of the factors that add up to determine how much capacity you have to take on risk. The less you earn, the older you are and the more unadventurous you are, the less risk you should be taking.

Don’t play around with your money

Personal circumstances

Many experts will tell you that paying off your debts is the best investment you’ll ever make. Pay extra money into your bond whenever you can – it’s the cheapest credit you can get and the best investment possible. Sylvia Walker, a Market Development Manager for Old Mutual, says: “Free up some money to invest!” Sylvia divides this money into two categories – the money you use for a specific purpose like retirement or your children’s education. “This is money you don’t want to mess around with.” And then, there’s what she calls ‘mad money’ – extra bucks that you can play with. She stresses that you work hard for your money and that you shouldn’t play around with it if you can invest it. “Don’t waste money on unnecessary items. Take your own lunch to work. Watch a DVD instead of going to the movies. And stop buying those expensive take-away decaf lattes.”

Your personal circumstances are one of the most important factors you could ever take into account. A 55-year old person who wants to retire soon is a lot more interested in keeping their investments’ value than a 25-year old with a lot more time to experiment. The basic rule

An old friend of mine used to say: “When people were out picnicking on Sundays, I was studying the stock market.” You can never know enough. Read the financial pages in the newspaper,

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Educating Good Management Skills........................................ The key qualities of a good manager Amber Anderson

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Investment for Beginners.......................................................... All you need to know on how to grow your pocket Madeleine Barnard

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E N T S LEADING SOUTH AFRICA

SPECIAL FEATURE

A Women’s Worth........................................................................

A woman’s worth

that Fortune 500 companies with higher percentages of women on their board of directors outperformed other companies, as follows: • On Return on Equity (ROE) by 53 percent • On Return on Sales (ROS) by 42 percent • On Return on Invested Capital (ROIC) by 66 percent

At Board level, women are as rare as hen’s teeth. Nancy Richards looks at how and why women are slowly making their way to the top.

In addition, a 2007 McKinsey report called Women Matter says: “It is notable that performance increases significantly once a certain critical mass is attained, namely at least three women on a management committee with a membership of 10.” Countering this, 2010 research by Harvard sociologist Frank Dobbin showed that “in the year after the number of women on a Board increases, stock prices tend to (temporarily) decline slightly.” He explains, “not because of fall-off in the company’s financial performance but rather because of sell-off due to nervousness by small traditionally-minded investors.” Larger block holders are less likely to react negatively, “knowing that their actions would be scrutinised by the financial press and the public who would be lobbying for board diversity”. But it’s not just good economic sense that makes it worth having women on Boards. It’s also for the message it puts out. Not least to other women: here is a company that takes women’s views and interests into account; here is a company in which I as an individual could grow. Because women no longer want jobs, they want careers, and if they are blinded by the glare of its glass ceiling, they are not going to warm to that organisation, nor its products or services.

Women Talk

In 1968 a group of women machinists at the Ford factory in the UK effectively closed down the entire works when they went on strike demanding equal pay for women.

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The movie Made in Dagenham tells the story. But a bigger result of their action was the Equal Pay Act passed two years later, impacting significantly on women’s role in the workplace across the world.

of a woman? And could it be, at top echelons, she’s worth, not just as much as a man, but that her contribution to the global economy is even greater?

However, over 30 years later – according to the International Trade Union Confederation – in over 60 countries, there remains a gender pay gap of over 15 percent which means women continue to earn only 84 percent of that earned by their male counterparts. So what is the value

Fast forward to 2007 when Catalyst, a US non – profit organisation (NPO) committed to the advancement of women in the workplace, released The Bottom Line: Corporate Performance and Women’s Representation on Board which showed

The Worth

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Even allowing for the fickleness of investors and variables of research studies, there is no denying the positive effect of women’s representation on Boards. In fact Rehema Isa of Fuse Project Management and Consulting says the question we should perhaps be asking is, “What are men bringing to the boardrooms than women aren’t?” And, says Marjolijn Dijksterhuis, Manager of the Women’s Leadership programme at UCT’s Graduate School of Business: “One woman makes a gender statement, several make a difference. Companies need to go beyond the box ticking token woman”. “They think, prioritise and focus differently and on different things,” says Marlene Cronje, director of HR at construction company Power Group. “It’s this that creates good debate and, in my opinion, better decision making.” With first hand observation experience as a consultant facilitating corporate strategic review sessions, Cynthia Olmesdahl of Corporate and Executive Strategic Interventions says, “Women tend to look to fundamentals and substance rather than short-term gains. Generally men’s goals are quick high turnover and high returns, women look for longer lasting legacy which often revolves around growing people. Male leaders see their success in numbers, women the success

of the people they’ve touched.” As a result of her observations, she continues, “Women are less prone to ego-driven behaviour. We’ll admit lack of knowledge, mistakes and more readily reverse decisions or cut losses, putting the company ahead of personal agenda. And believe it or not, we’re more emotionally controlled in the boardroom; men can often grandstand and posture.” She also says, “It’s nonsense we’re accused of not being able to think strategically,” and in her experience, women are likely to prepare more diligently for meetings, not just skimming reports outside of their areas of expertise, ask more questions and more thoroughly connect dots. Olmesdahl concedes however, that many men display some of these ‘female’ attributes but gender pressure and behavioural expectations often cause them to suppress these qualities. Finally she says it’s the “constructive tension” between the genders that leads to a more productive, effective team.

“We don’t see gender diversity as a bolt-on,” says Jim Wall, chief diversity officer and global managing director of Deloitte, ‘Diversity programmes are good at focusing attention on gender, but on their own they are not sufficient.” Deloitte no longer has a corporate ladder, but a corporate lattice on which people move up, down, sideways, depending on their needs and the needs of the business.

Home and Away According to research analysed by Landelahni Recruitment Group, as a result of international good corporate governance regulation, there are global trends in the composition of Boards which work in favour of women’s appointments. Boards for example, are increasing in size to include ‘independent’ as well as ‘interested’ parties. Tenures are becoming shorter, fewer Board members are holding multiple seats, more ‘first timers’ are being taken on and in the UK, the top 20 Chairmen have launched a formal coaching and development programme for new Board talent. “Most significantly,” says Sandra Burmeister CEO of Landelahni, “with globalisation, increasingly complex and diverse markets, as well as an acknowledged rise in women’s decision making and purchasing power, a greater diversity of culture, skills, experience, thinking and even nationality is required on

Boards to address these issues. Ideal time to ring the changes.” And because many of the JSE Boards are dual listed (i.e. internationally as well as locally) international codes of good corporate governance increasingly apply. Norway led the way for women back in 2002 when just 6 percent of Board positions were held by women and Minister of Trade and Industry at the time, Ansgar Gabrielsen proposed the introduction of a 40 percent quota. Initially resisted by his government, it was successful and six years later the figure had risen to 44.2 percent. Spain passed similar legislation with the added incentive that companies fulfilling the quota would get priority in the awarding of government contracts. Germany opted instead for ‘soft’ quotas, recommending a voluntary approach to gender balanced Boards. Two years ago, in Canada over 40 percent of FP 500 companies had no women Board directors while in Finland any company with no women on their Board according to the Finnish Corporate Governance Code, has to explain why. In New Zealand where a few years ago women-held directorships were just over 8 percent there’s an active drive to increase numbers and in the UK with just 12 percent of women on FTSE 100 company Boards, whether by quotas or voluntarily, government aspires to reach 50 percent female directors by 2015.

Stats South Africa In South Africa, equalising women has taken a back seat to equalising race at Board level, so the gender imbalance is great and levelling only slowly. A year ago more than 70 of the roughly 400 JSE listed companies had no women on their Boards, 26 had no women executives and Sandra Burmeister predicts it could be 2050 before equality exists in the Boardroom.

Nancy Richards Leading Voices ............................................................................ Women who stood up speak out

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Nancy Richards

Statistics from the BWA’s 2010 South African Women in Leadership census track the trajectory: • Directorships: 16.6% held by women, up from 14.6 in 2009 and 10.7% in 2005. Of these 46.9% are black, 9.2% coloured, 6.3% Indian, and 37.3% white. • Chairpersons: only 6% are women, up from 5.8% in 2009 • Female CEOs up from 3.4% in 2009 to 4.5% in 2010 With current JSE directorship figures at 16.6% and, SA is doing better than her overseas sisters, Australia ASX200 8.3%, Canada FP500 13%, US Fortune 500 with 15.2%, but growth is still slow.

General: • Women make up approximately 52% of the population • Women make up approximately 45% of the workforce • 40% SA households are women headed • Women’s influence on purchase decisions has been put as high as 80%

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SECTOR FEATURES

women power the engineering arena

SPECIAL FEATURE

Where once the term female engineer was thought of as more of an oxymoron, the female engineer is becoming more commonplace. According to the Engineering Council of South Africa (ECSA), in 2010, there were 2 950 registered female engineers in South Africa, which represents 8.4 percent of all engineers.

The word engineer usually conjures up images of either a burly man in dirty overalls, hardhat and site boots, or a bespectacled man behind a computer screen. A woman in heels and a power suit is the last image anyone envisions, but this is becoming more of a reality says Naadiya Moosajee.

This is an increase from the 3.1 percent of registered female engineers in 2003. The industry has experienced an average growth of 9 percent year-on-year. The actual number of female engineers is not known as it is not compulsory for engineers to register with the council and as such, the number of female engineers may be slightly higher than indicated in the statistics.

The women engineer An increase in the number of female engineers not only assists with easing the critical skills gap in South Africa, but many commentators agree that growth in the areas of science, engineering and technology can be a catalyst for job creation. In a country where we experience high unemployment, we cannot ignore such a pivotal human resource which makes up 52 percent of the population. The increase in the participation of women has dominated headlines and discussions on transformation and the BEE agenda and goes beyond tokenism to fulfill quotas, as women have so much more to contribute.

Strong overall performance Research by Catalyst (an American company), revealed that the Fortune 500 companies with the largest representation of women board directors and corporate officers achieve on average higher financial performance than those with fewer. In 2010, The Economist attributed the rise of China’s economic growth to the education of women specifically in the science and technology sectors. Ergo it makes financial sense for industry to incorporate women within leadership and decision making positions. However, the engineering industry has been slow to transform, partially disadvantaged by the skills gap and the few female engineering graduates in the engineering sector.

The increase in the participation of women has dominated headlines and discussions on transformation and the BEE agenda.

Beating the odds

Image courtesy of SAWomEng

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Over the last five years, however, more female students are enrolling in engineering and entering this male-dominated industry. The highest number of female enrolments is in the fields of chemical and civil engineering, where they make up almost 50 percent of their respective engineering classes, but overall, female engineering students make up approximately 19 percent of the student population across all engineering faculties. This is a stark improvement from the 5 percent of female engineering students recorded in 1988. While these statistics show positive strides made over the last few years, there are

still social and cultural barriers for female students considering studying engineering, especially among female students of colour. This is attributed to the perception that girls do not perform as well in maths and science and are less technically-minded than boys. There is also a lack of strong female engineers to act as role models to young high school girls across South Africa, however, this is changing with the advent of the GirlEng program run by South African Women in Engineering (SAWomEng) as well as other initiatives which focus on maths and science, and careers in the science, engineering and technology sectors.

A change in mindset Apart from national initiatives to increase the number of women in engineering, the increase in enrolment can be attributed to the perception of opportunities, no doubt inspired by the construction boom before the 2010 FIFA World Cup . Other reasons, cited by female students entering university are to serve their community and make a difference. According to Dr Jenni Case, a senior lecturer in the Department of Chemical Engineering at the University of Cape Town, who has done extensive research on why female students study engineering, the 21st century is the ideal space for women engineers to thrive due to a global shift in which industry operates and the increasing importance on communication and networking, both of which are natural strengths of females. More female students are choosing engineering as they want to prove themselves in this male-dominated industry. Student, who have positive maths and science teachers, as well as a strong family support structure, tend to excel at engineering. Globally, engineers find that their skills are so transferable that they are taking up positions in the boardroom as decision-makers, in labs working on research and development, designing plants, involved in plant operations, and in construction and management. These engineering skills are so varied that banks and management consultants recruit a large amount of engineers annually into the financial sector. Thus the female engineer has become a sought-after commodity, not just in engineering but also across multiple sectors. This is attributed not only to the technical skills which are acquired through the rigorous engineering degree, but also to the softer skills, which women possess. These include advanced socialising and networking skills, a greater concern for community and environment, creating environments where people can better relate to one another, and a different approach to problem solving. Women tend to be consultative in their decision-making processes and more readily ask for help.

The Art of Branding and the Power of Now.............................. The essence of branding: An art or science? Gail Curtis Women Drive the Burgeoning Renewable Energy Sector...... The increasing task of women in energy Yugendree Naidoo

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Birthing of a new engineer A new age engineer is emerging, one who is female, technically competent, with a wellrounded skill set who is comfortable in the

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Women Power the Engineering Arena..................................... Current state of women in engineering Naadiya Moosajee

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TRADING ABROAD SPECIAL FEATURE

Businesses & government find value in trade missions Trade missions and their benefits for our country are growing in importance. Liza van Wyk explores how this concept has changed the way we do business in South Africa today. As crowds swirled past, a group of South African business executives lay on the ground to capture just the right photos of the pyramids before climbing back into their tour bus to begin a dash across Egypt to join President Jacob Zuma on his state visit to the country during October 2010. This episode was repeated a month later in Tiananmen Square, Beijing, when the president was on a similar visit.

South Africa’s imports South Africa imported US$90.6-billion worth of foreign goods last year. Major commodities imported into South Africa include machinery, chemicals, petroleum, scientific instruments and foodstuffs. Leading suppliers to South Africa were Germany (10.8%), China (10.3%), the United States (7%), Angola (6.8%), Saudi Arabia (5.7%), Japan (4.9%), the United Kingdom (4.8%) and Iran (4.4%). In total, South Africa’s international trade amounted to US$176.7-billion or 63.7 percent in relation to its overall GDP. This compares with roughly 25 percent for the US and 60 percent for Canada.

Promoting trade Trade promotion organisations and other support institutions, who often travel with the president and also organise missions independently, act as focal points to help implement the programme locally. These organisations are chosen for their demonstrated commitment to the development and support of women in trade, but are not exclusively womenoriented. They include the National African Federated Chamber of Commerce and Industry/ Johannesburg Chamber of Commerce and Industry, Business Unity South Africa and others.

Competing globally For the business executives, economic prosperity depends upon South Africa’s ability to compete effectively in the global marketplace. Exports support millions of jobs and have fueled a third of South Africa’s total economic growth since 1994. In the past years, South African companies have banded together on trade missions around the globe, visiting countries including England, France, Zambia, Germany, the United States, Egypt and China. The Department of Trade and Industry (dti) emphasises that trade missions are an essential practice in countering the promotion practices of foreign competitors. “We cannot – and we will not – unilaterally withdraw in a world in which our economic competitors are using all the tools at their disposal to pursue market opportunities aggressively for their companies,” said Debby Bosch, Group Operations Director of business training organisations AstroTech and BizTech.

South Africa’s Trade and Industry Minister Rob Davies said one of the pivotal components of the dti’s mandate is to help local businesses create lasting international relationships and increase exports and imports. “Inbound or outward trade missions match interested businesses with their counterparts in other countries to secure distributors, value-added agents, representatives, or strategic alliance partners,” said Davies.

Creating opportunities

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“We should continue to work with overseas business in public-private partnerships where the resources of the dti and the rest of the government, help our companies compete for – and win – the business opportunities that represent the largest potential source of highpaying jobs in the next century,” said Bosch.

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South Africa’s exports As the world’s 40th biggest exporter, South Africa shipped US$86.1-billion worth of exports in 2009. Principal South African exports were gold, diamonds, platinum, other metals and machinery, according

to the dti and the World Factbook. Based on 2009 statistics, South Africa’s largest export clients were the United States (11.1%), Japan (9.8%), the United Kingdom (9.6%), China (8.7%), Germany (6.8%) and Netherlands (4.1%).

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“Let us be honest with ourselves about these missions,” Bosch said. “I don’t think any of us ever tries to position trade missions as if they are going to help one immediately close a deal, or immediately spike exports or imports. That is a long-term goal. There is a larger vision of ensuring that South African companies see the value of participating in the global economy.”

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David Graham, Managing Director of International Trade Projects agrees. “A trade mission can be a useful marketing opportunity for both new and experienced exporters. New exporters have the advantage of joining a group of similar companies on an organised and structured visit where meetings with suitable business counterparts have been pre-arranged,” said Graham, whose company facilitates trade missions. “Experienced exporters benefit by joining trade missions to emerging and

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complex export markets often in the company of senior government representatives. They are thus able to gain a profile that they could not possibly achieve if travelling on their own,” added Graham. He said that is why export promotion, public-private partnerships and the dti overseas trade mission programmes are the essential cornerstones of the President Zumas administration’s national export strategy.

Trade promotion organisations and other support institutions, who often travel with the President and also organise missions independently, act as focal points to help implement the programme locally.

Partnerships in motion Graham said these missions are structured to open markets, identify and secure export and imports and investment opportunities for South African businesses, and showcase the country’s products, technology and expertise around the world in order to increase job opportunities for all South Africans. “China indeed is a key strategic partner for South Africa, and South Africa is open for business in a big way,” President Zuma told a China-South African business forum during his first trip to China. As a sign of Zuma’s seriousness, he was accompanied by 13 Cabinet ministers and a delegation of 370 business people, the largest such group to travel with a South African president. Zuma held talks with President Hu Jintao. Zuma and his ministers witnessed the signing of 12 agreements, ranging from memorandums of understanding to possibly develop power grids to memorandums of cooperation to set up a cement plant in South Africa. South Africa also imports more from China than it does any other country, and last year recorded a US$2.7-billion trade deficit with the Asian manufacturing giant–a gap Zuma wants narrowed. South Africa provides iron ore and other vital resources for China but also offers a strategic link to the rest of Africa, where China has been investing heavily in recent years. According to the dti, trade between China and Africa has increased tenfold since 2001, passing the US$100-billionmark in 2008. Estimates of Chinese investment in Africa range upward from US$6-billion, as China

tries to lock up oil, gas, and other key resources for its resource-hungry economy.

Attracting investment South Africa and China are both members of BRICS, an acronym for Brazil, Russia, India, China and South Africa, a forum that provides its members with opportunities to network and to initiate economic arrangements. The South African government is offering more incentives to attract foreign direct investment, including tax holidays and speedier approvals of work permits and projects. The Director General of Trade and Industry, Tseliso Matona, said the government had taken various measures to become even more investor friendly over the last couple of years. Several pieces of legislation, including labour legislation, have been changed or are being changed to make South Africa more attractive to investors.

Building pyramids The Egyptian state visit by President Hosni Mubarak in July 2008 gave fresh impetus to the bilateral relationship between the two countries. President Zuma was the first South African President to pay a State Visit to Egypt since 1994. To boost trade relations, President Zuma took more than 100 businesspeople to Egypt, and addressed the South Africa-Egypt business forum. Several sectors have been identified for cooperation, including energy, tourism, mining, agro-processing, finance, infrastructure, agriculture and industrial products. Egypt and South Africa have structured their bilateral relations in the form of a Joint Bilateral Commission (JBC) which has entered into 20 bilateral agreements. Siza Mzimela, CEO of South African Airways (SAA), who joined the mission to Egypt, agreed that the business matchmaking sessions are invaluable. “You are dealing with different cultures, where you get an opportunity to create personal relationships. You can’t just do it over the phone,” Mzimela said.

Government Empowers Women............................................... An upliftment strategy from government Gail Jennings Businesses and Government Find Value in Trade Missions . ...................................................................... The benefits of trade missions for our country Liza van Wyk

142 .

148

Networking on foreign soil Her advice to companies considering participating in trade missions? “You don’t know what possibilities you may uncover until you’re on the ground in a foreign market .You never know what opportunities may jump up and hit you in the head until you participate in a trade mission,” said Mzimela. Davies agrees: “Trade missions have proved successful in improving our industries’ understanding of the commercial opportunities in other countries. It is engagement. It is commercial engagement. It is commercial matchmaking.”

TOP WOMEN IN BUSINESS & GOVERNMENT

Edition

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TOP WOMEN IN BUSINESS & GOVERNMENT

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CREDITS Chairman & Publisher Richard Fletcher Group Publisher Ralf Fletcher

TOP WOMEN AT WORK

Associate Publisher Ilse Pienaar 3.

Nurturing and empowering. These are not valued in the boardroom therefore it is important to soften language and look at inclusivity. The main criteria of success is generosity of spirit. It is the route to legitimacy and excellence.

The Top Women in Business & Government Dinner Debate

Boomers and millennials are a very different generation and need to be treated differently. Millennials are tech-savvy while boomers remain in a job for life. Millennials use a job to contribute and learn, then leave after two to five years, with businesses trying to get the best out of them while they can. The challenge is to remain relevant to younger people.

The Top Women Dinner Debate is an exclusive annual event held by Top Women in Business & Government (TWBG). The event is hosted with the purpose of providing a platform for women to discuss their latest ideas, challenges and ambitions. It aims to encourage growth and enhancement of women in the corporate arena and in government.

The reality of business today: Shrinking talent pool, although more women hold a higher proportion of tertiary degrees there remains a shortage of talent. Countries are aggressively legislating towards women. Research shows that one or more female director/s have a positive effect on a company’s bottom line. Millennials are concerned about corporate social investment (CSI). Growth in BRICS (Brazil, Russia, India, China, South Africa) countries as a result of empowering women in the workplace and emerging markets. Inclusivity is key – there is still a need to mainstream gender.

A select few women came together to share their thoughts and engage in success stories, at an exclusive venue on May 25 2010. They told tell of their experience in business, shared information and encouraged one another to delve into realms of business least explored by women. This is a summary of the 2010 TWBG Dinner Debate.

The transport and logistics industries are a masculine world, which can benefit from a feminine touch. Women learn from each other and although they have different lives, they have similar stories. There is a lot to teach women that men are exposed to naturally.

Key issues of debate

The Dramatis Personae

The X Generation needs to balance the dynamics of the millennials. You never stop learning. Mentorship is key.

Why are women undervalued in the corporate world? Women at the top translate to a better bottom line. The hypothesis – a lot of prejudice from men.

• Leanne Manas, MC, Morning Live • Wendy Ngoma, Academic, Wits Business School • Johanna Mukoki, Managing Director, Travel With Flair • Carmen Le Grange, Associate Director, PricewaterhouseCoopers • Sonto Mujakachi, Acting Internal Communications Manager, Eskom • Katja Naumann, Head of Women in Business, FNB Commercial • Manuela Sanchez-Aragú, Director: Marketing & Communications, Wits Business School • Simone Du Plooy, Brand Manager, Imperial Logistics • Zarina Kellerman, Partner, Eversheds • Gugu Lisa Zwane, General Manager: Marketing, Neotel • Tina Eboka, Director of Corporate Affairs, Standard Bank Group • Muitheri Wahome, Head of Investment Products, Investment Solutions • Deidre Botha, Director: Enterprise Development, Deloitte

South Africa is ahead in thinking as opposed to other countries. We think pure bottomline; women are expansive and can adversely affect bottomline with a greater social load (e.g. maternity cover). However, the value of women is seldom factored in, with business concentrating only on the bottomline.

Women have strength, integrity, deliverability and the ability to drive goodness in society.

Don’t complain about government – learn to work with what you have.

What have you personally done to empower the women behind you?

Change needs to happen in women first, before it can happen in the world.

• Connie Nkosi, Executive Chairperson, Lidonga Group Holdings

Language is important when women define success. What is success?

1. Group picture: The VIP ladies for the TWBG Dinner Debate 2010

General Manager Guy Chicken

2. From left to right: Zarina Kellerman, Connie Nkosi, Carmen Le Grange and Tina Eboka 3. Sonto Mujakachi, Laura Barker and Katja Naumann 4. Johanna Mukoki

Art Director Van Fletcher

Captions

• Lindie Nemavhidi, Communications Director, Department of Public Works • Ingrid Masson, Managing Director, Haulcon

Financial Director Keith van der Vent

Marketing Director Karla Fletcher

Spirit is more important than statistics.

Women need to support other women in business. The hand that rocks the cradle, rules the world.

• Lunga Mangcu, Marketing & Communications Executive, National Development Agency

Editor Shaheema Albertyn-Burton

Leave a legacy as an activist for women’s issues.

Socialisation deviates from business. Women are compromised by children – men, not so much.

Women need to be balanced. Women are stronger than men but sometimes we compete so hard we forget who we are.

Group Editor Tania de Kock

• Marion Schoeman, Chief Executive Officer, Embassy Group / Singer Group • Ilse Pienaar, Associate Publisher, TWIBG

5. Marion Schoeman and Lunga Mangcu 6. Leanne Manas and Sonto Mujakachi 7. Deidre Botha and Manuela Sanchez-Aragú

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Top Women Awards ...................................................................

Dinner Debate.............................................................................. Dinner Debate Partners .............................................................. Towards Success Together ........................................................ TWA Networking Evening ..........................................................

32 156 158 159 160

Project Manager Judy Twaambo-Chileshe Senior Business Developers Charmaine Docherty Olwethu Stuurman Head Designer Jayne Macé Designers Kyle Collison Stephen Alfreds Traffic Coordinator Raeesah McLeod Webmaster Gaywin Walters

SECTOR OVERVIEWS

Research Manager Haley Fletcher

Resources ..................................................................................... 54 Manufacturing............................................................................. 56, 62 Services ...............................................................70, 79, 93, 112, 125, 137 Public............................................................................................ 140

Researchers Aisha Crombie Carmen Saville Edna Jenniker Laylaa Abarder Mishqah Slamdien Nazreen Dramat Shouneez Khan Distribution & Subscriptions Ingrid Johnstone Ursula Davids

SPONSORS

Financial Administrator Bernadette Theron Proofreading Carol du Toit

Platinum Sponsor

Printers Colourtone Press Contact Details Topco Media (Pty) Ltd The Pinnacle, 5th Floor, Cnr Strand & Burg Streets, Cape Town 8001 PO Box 16467, Vlaeberg 8018 Tel: 086 000 9590 Fax: +27 (0)21 423 7576 Email: info@topco.co.za Website: www.topco.co.za / www.businesswomen.co.za

Silver Sponsor

Reader Response Survey Visit our website www.businesswomen.co.za and ﬁll in the survey questionnaire to help us give you what you want, and receive a free copy of the next edition of Top Women in Business & Government.

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TOP WOMEN IN BUSINESS & GOVERNMENT

Disclaimer All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written consent of Topco Media (Pty) Ltd Reg. No. 2007/002190/07. While every care has been taken when compiling this publication, the publishers, editor and contributors accept no responsibility for any consequences arising from any errors or omissions. ISBN: 978-0-620-50074-6

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Winner of the Top Woman Executive: Marna van der Walt of Gensec Properties (Pty) Ltd t/a JHI

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Contributors Dr Amber Anderson started her career as a Physical Science and Biology teacher. She worked at the Nelson Mandela Metropolitan University in various part-time academic and full-time non-academic positions. She later joined Coca-Cola Sabco where she was employed as an HR Consultant to service their local and international operations in Africa and Asia. Thereafter she headed up organisational development and transformation affairs at Aspen Pharmacare before returning to Coca-Cola Fortune as HR Executive. Amber holds a doctoral degree in Human Resources Development, a Masters degree in Sociology, an Honours degree in Group Dynamics and an HDE. She is married to Clinton and they have two sons, Justin (18) and Michael (13).

Madeleine Barnard studied languages and journalism, and worked in fields as diverse as the performing arts and financial services. Previously, she was an English teacher in Japan, had a book titled Cape Town Stories published by Struik (now RandomStruik) in 2007, and has made a CD of her own songs called Unsung Heroes. She works as a freelance journalist, copywriter, songwriter and communicator in Cape Town.

Chris Buchanan began his journalism career with the SABC in 1988 as a reporter for Radio Today and Audiomix, current affairs programmes on Radio South Africa (now SAfm). He has worked as a producer, a presenter and a news reader on SABC radio programmes, as well as on Talk Radio 702, SABC television news (economics), CNBC Africa and News Star radio networks in the US. Chris has run an international professional association and his own retail business. His speciality is in finance together with broadcasting which he developed at Moneyweb, where he ran the broadcasting and podcasting division, including the development of SMS alerts. He has extensive experience in magazines having edited Planning – A South African Architectural Review, SA Interior Design and Live Out Loud magazines.

TOP WOMEN IN BUSINESS & GOVERNMENT

Gail Curtis began her career in strategic account leadership in the trenches of SA’s top three agencies during the 80s – Hunt Lascaris, Ogilvy & Mather and the Interpublic Group / Lintas – and was first appointed as a board director at the age of 26 as testament to her exceptional business acumen. In 1993 Gail decided there had to be a better way to do business and founded The Old Shanghai Firecracker Factory to promote a unique agency with a dynamic service model. In October 2005, Gail was appointed to Saatchi & Saatchi as CEO and regional head of the group’s Africa Network. In 2006 she was appointed to the international (Europe, Middle East and Africa) CEO board.

Gail Jennings is a transport researcher, writer, and editor of Mobility magazine, southern Africa’s only pro-sustainability quarterly for transport professionals and activists. She is also the publisher of the first ever Cape Town Bicycle Map, which details bicycle infrastructure and commuter routes in the city.

Naadiya Moosajee completed her BSc Eng (Civil) and MSc Engineering at the University of Cape Town. She is co-founder of South African Women in Engineering, a non-profit organisation, founded in 2005. She is a transport engineer and worked at the 2010 FIFA World Cup™. Naadiya was awarded an African Leadership Network Fellowship, was the recipient of CEO magazine’s Most Influential Woman of the Year 2009, one of the Top 300 Young South Africans Award in 2006, and was selected as one of the Top 100 Brightest Young Minds in South Africa.

Yugendree Naidoo has been a reporter at West Cape News for the past four years after graduating with a BA in language, communications and English at UWC. While sports is her passion, the health and environmental issues she focuses on at West Cape News comes a close second. She feels strongly about shining a light on the scourge of drug

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abuse and the social ills affecting youth, as well as the need to develop a more sustainable world. In her free time she enjoys listening to music and spending time with family and friends, supporting their favourite teams during weekend sports fixtures.

Trinity Lekwetse Ncala started her career as a market researcher in 1996. This was critical to her career as it set the foundation for understanding marketing. It is with the new opportunities in our country that she resigned from Absa where she was an administrator in 1997. She teamed up with a childhood friend and together they started a successful recruitment agency. Due to growth and evolution they both agreed to venture out individually. This change brought about the birth of T&T Appointments, a national recruitment agency which Trinity founded and is currently Managing Director.

Nancy Richards is a freelance journalist and radio presenter. She writes on a wide range of subjects for a number of different publications and presents a woman-focused radio show, Otherwise on SAfm. Previously she was décor and associate editor at Fairlady and has written two books: Beautiful Homes and Woman Today: 50 Years of South African Women.

Liza van Wyk formed AstroTech in 1998 from a spare room in her home and by early 2000 had already received an award from the Minister of Provincial and Local Government for “outstanding effort and considerable achievement” for the government Y2K project. In 2008 Liza acquired a conference centre in Parktown, Johannesburg where her present office is now based and has worked hard to make AstroTech Conference Centre the premier conference, skills development and management training venue in southern Africa. Despite her young age, she has achieved a remarkable amount and has not allowed her gender to ever be a barrier to success.

www.businesswomen.co.za

PUBLISHER’S LETTER FOREMATTER

Top Women goes bi-annual

After speaking to our major advertisers and partners, we are now publishing two editions a year of Top Women in Business & Government (TWBG). As South Africa’s leading women’s business publication and in consultation with our many stakeholders, we have decided to produce an additional publication each year in order to show our support for the incredible role women play in business. Tania de Kock, our new Group Editor, felt that as a publishing company there was a distinct need for us to give businesswomen more coverage. Under her guidance we carried out a survey to gauge the interest in additional editions of the TWBG publication, and we received a unanimous ‘yes’. The second edition in 2011 will focus on female business leaders and their success stories – these are the role models for women from all walks of life to follow. Furthermore, our office has moved to the CBD of Cape Town, Pinnacle Place, Strand Street. The office space of approximately 1 000m² and a 500m² veranda on the fifth floor gives Topco Media a great place to meet clients, as well as host a number of events from our premises. We look forward to meeting with you at events such as corporate breakfasts, leader debates, product launches and the occasional celebration. My very best wishes

Richard Fletcher Publisher

www.businesswomen.co.za

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FOREMATTER A-Z LISTING

A-Z Listing of Featured Clients 360 Degrees Production House . ........

FIETA.....................................................

150

First National Bank â&#x20AC;&#x201C; a division of First Rand Bank Limited......................

106

AOS Consulting Engineers cc.............

Foskor ...................................................

AstraZeneca Pharmaceuticals . ..........

African Kaleidoscope Events cc..........

Bembani Group....................................

Bliss Chemicals....................................

124

Investment Solutions.........................

122

Cape Couriers.......................................

Cell C......................................................

CHIETA .................................................

Jenna Clifford.......................................

IFC

JHI Property .........................................

KPMG.....................................................

Department of Public Works..............

15, 144

Dow Southern Africa . .........................

Durban University of Technology...........................................

EMBA PM..............................................

Eskom Holdings...................................

14,130

EXP Agency SA.....................................

Exxaro Resources.................................

Industrial Development Corporation of SA................................

TOP WOMEN IN BUSINESS & GOVERNMENT

Lidonga Group Holdings.....................

Nashua Mobile ....................................

Pfizer Laboratories ..............................

PwC........................................................

118

R S

Rectron .................................................

138

Sechaba Medical Solutions ................

Siyaduma Auto Ferriers.......................

Standard Bank of South Africa Limited..................... 10,45,96, 98

120

16,116

Maponya Incorporated........................

Mashalaba HR Services . .....................

Masibambane Recruitment................

Metropolitan Holdings........................

114

Multichoice Africa ...............................

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N P

T&T Appointments..............................

The Effectiveness Company................

The Foschini Retail Group . ................

U W

Upstage Productions ..........................

155

Wits Business School..........................

154

www.businesswomen.co.za

ASSOCIATE PUBLISHER & EDIToR’s letter FOREMATTER

A striking victory

Promises of success 2011 is certainly a year of promise – a year in which dreams and aspirations will become a reality. The year for making big changes and keeping ahead of the times.

International Women’s’ Day celebrated a global centenary this year. It is difficult to believe that prior to the 1900s women had no right to vote or stand for public office. Gender empowerment has moved from relative obscurity to central stage in the global economic debate. In South Africa, the saying ‘Wathint’Abafazi Wathint’imbokodo’ is taking on a new meaning in today’s business world. In the more than 50 years since, the phrase: “you strike a woman, you strike a rock” has come to represent women’s courage and strength. South African women have found their feet and are marching forcefully into every corner of our beloved country. Women, we are now told, are key to unlocking economic growth, creating jobs and generally uplifting the nation. In truth though, some areas within both public and private sectors remain problematic. We need to unpack and understand which sectors are doing better and which are worst. Where is success occurring and what contributes to it? Why do women still occupy positions of less influence, lower status and lower pay? We need to promote dialogue, ensure that awareness is increased and empowerment happens. There should be no doubt about the key role of women in service delivery, business growth and development. History will judge us harshly if the narrow vision of gender empowerment policies denies women rights within the ‘new’ economy. Let us pay heed to the Chinese proverb: “If you want to know your past – look into your present conditions. If you want to know your future–look into your present actions.” To those who are leaving successful footprints for future generations – Top Women salutes you!

This year, Top Women in Business & Government (TWBG) have undertaken some great strides by going bi-annual and creating a greater platform for the successes and strides of women in business and government to be enhanced, shared and celebrated. This edition brings a detailed account of how to make ideas and visions a reality. Other avenues explored are the key concepts to being a great leader and how best to instill good management skills in your staff. TWBG also examined what various sectors are doing to enhance the empowerment of women, particularly the engineering, energy, and branding and media sectors. A great highlight in this edition is discovering the worth of women within your company and how their representation on Boards has affected the overall GDP of our country. We found an inspirational few, who shared their legendary stories with us – ultimately paving the way for a brighter South African future. My best wishes to all the companies featured in the 7th edition of Top Women in Business & Government. Congratulations, may your company and legacy go from strength to strength. Forever have your end-goal in mind, let it be your guiding force and when trials surface, face it with tenacity, courage and endurance – after all, you’ve come this far. Keep on keeping on

Yours in empowerment

Shaheema Albertyn-Burton Editor Ilse Pienaar Associate Publisher

www.businesswomen.co.za

TOP WOMEN IN BUSINESS & GOVERNMENT

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PLATINUM SPONSOR

FOREWORD

DEEPENING FINANCIAL MARKETS

Given that 70 percent of all new businesses in South Africa are started by women, we see them benefiting enormously from more concentrated efforts in areas like enterprise development.

With a great sense of honour, I write the foreword to this publication, Top Women in Business & Government. I feel it is important to recognise the achievements of women leaders in all areas of South African society, and I see this publication as an opportunity to do so. Standard Bank recently crystallised its stance on transformation through the internal publication of a Transformation Strategy and Philosophy document. Herein, we made it clear that we believe that real transformation is much more than just ticking the boxes for compliance purposes. We also made it clear that in order to reap the beneﬁts of diversity that transformation can generate, both racial and gender diversity need to be present. We therefore see the provision of equal opportunity to women as an important part of transforming our society.

Simpiwe Tshabalala CEO, Standard Bank South Africa

We also see women playing a more important role in ﬁnancial services. Reliable statistics tell us that 80 percent of healthcare plans are chosen by women, the new home is decided upon by women 75 percent of the time, women start 70 percent of all businesses in South Africa, and 60 percent of all new cars are bought by women. Financial services companies are climbing over each other to bring out new products focused on the female market, because the rising power of this market segment cannot be ignored.

but slow. For example, we still see challenges in getting the right representation of women in top management, but it remains one of our focus areas. We at Standard Bank see the deepening of financial markets as the most important way that we can effect real transformation in South Africa. This includes enterprise development, funding of affordable housing, promoting black and women-owned businesses through our procurement policies, financing black economic empowerment (BEE) companies and transactions, and funding transformational infrastructure, among others. Given that 70 percent of all new businesses in South Africa are started by women, we see them benefiting enormously from more concentrated efforts in areas like enterprise development. It is vital for the future of South Africa that more of these women succeed, and it is our role as a financial institution, as well as other major companies operating in this country, to do what we can to ensure their success. Moving forward,

Simpiwe Tshabalala CEO of Standard Bank South Africa

So what is Standard Bank doing? As a start, women make up 57 percent of our staff and 49 percent of our customers, but we are aware that more needs to be done. We have therefore recently launched a credit card offering tailormade to meet women’s needs, and to attract more women customers. We also remain focused on the female talent that we have in the bank, analysing all the data relating to intakes, retention, skills training and promotion. This is ably supported by our graduate recruitment programs, which are starting to hire a greater proportion of women. Progress is deliberate,

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FINANCIALS/ BANKS INTERVIEW

PLATINUM SPONSOR

SHIRLEY ZINN The key goal of Human Resources at Standard Bank is to achieve superior business results with a positively contributing workforce. We aim to retain and award individuals who share our passion for achieving superior results. The key components of our strategy are: • Developing leadership capability as a key differentiator • Ensuring the right supply of talent for the right position • Creating an environment in which high performance is demanded and rewarded • Establishing compensation and benefit systems and structures that are compliant and superior in terms of competitiveness • Upholding sustainable employment practices Our department faces a number of challenges, the most relevant being to ensure proactive response to complexities within the new world of work.

Name Shirley Zinn Position Human Resources Director, Standard Bank South Africa; Deputy Global Head, Human Resources, Standard Bank Group; Extraordinary Professor, Department of Human Resource Management, University of Pretoria Previous portfolios Group Executive Human Resources (HR), Nedbank; General Manager for Human Resources, South African Revenue Service

There are bursaries to assist longterm development of employees and various graduate programmes where candidates experience rotations within the Group. In both the private and business banking environment, 80 percent of our graduates are black, 51 percent are women.

Qualifications and University • Doctorate in Education – Harvard • Master of Education – Harvard • Master of Education – University of the Western Cape (UWC) • BEd Honours – Unisa • Higher Diploma in Education – UWC • BA - UWC

We conduct regular talent reviews that focus on succession planning. Global polls ensure the visibility of our talent across the Group, and as we believe this to be our competitive edge, our Global Leadership Centre programmes focus on key topics of relevance to leaders.

Other interests Running Travel

We are involved in a number of gender CSI projects, offering coaching and mentoring through the Khulisa Project for middle and senior management, while the Blue Heels Programme will provide business and networking skills to mid- to juniormanagement level women.

www.businesswomen.co.za

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We are committed to advancing education, supporting the Dinaledi Schools Programme in partnership with the Department of Education, and Letsema learners in BankSeta-related initiatives for matriculants. This includes the Kuyasa undergraduate programme and a Banking Skills Academy training progamme for entrylevel positions at the bank. Of three intakes of 416 people to the Academy, 74 percent are women.

We believe that women are key to achieving business success. Standard Bank is perceived to be a workplace where women thrive, achieving meaningful and influential positions. Our commitment is that 50 percent of all senior-level recruited positions and promotions are allocated to women. The recent retrenchments were the most difficult exercise that management has had to perform in the past 10 years. We saw a slowdown in both revenue and in cost-toincome ratio, and had to respond. It’s a tough process which we endeavoured to implement with great levels of respect and dignity to all affected. Economic reforms have changed the banking industry. Accumulation of wealth with no regard for impact on the environment or people resulted in a global meltdown. I think that women coming into the banking industry bring a more nurturing, balanced view of the world. Success comes in many forms and definitions. It’s about significance – achieving what you search for in life. Success is about personal fulfilment and harmony with the environment and people you love and care for. It’s about more than just accomplishments; it’s about life lived with humility, purpose and passion. I was honoured and humbled to win Top Women in Business and Government’s Top Woman of the Year in Business Award in 2008. I believe this is part of a broad gender revolution recognising the role women play in business, society, our homes and communities. This gives me encouragement to excel, to deliver and make a difference. I’d like to leave a legacy of having contributed to an organisation that cares about people, be it staff, clients, the community or other stakeholders. I would like to participate in building an organisation with soul, that is world-class in living its values and being successful.

TOP WOMEN IN BUSINESS & GOVERNMENT

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Topco Media proudly presents South Africa’s Top Women in Business & Government for the year 2010–2011. These companies passed our strict research criteria, and the companies that have chosen to feature themselves are highlighted below in grey.

Primary Resources

BP Southern Africa (Pty) Ltd

Wahl Industries (Pty) Ltd

Mining

C & N Petroleum Equipment (Pty) Ltd

Sephaku Cement (Pty) Ltd

Coal

Calulo Investments (Pty) Ltd

Motjoli Resources (Pty) Ltd

Central Energy Fund (Pty) Ltd

House Building

Chevron South Africa (Pty) Ltd

Mathote Modula Building Systems (Pty) Ltd

Gold Mining

Econ Oil & Energy (Pty) Ltd

Uvuko Civils Maintenance & Construction cc

Gold Fields Limited

Engen Petroleum Limited

Rand Refinery Limited

KZN Oils (Pty) Ltd

Heavy Construction

PetroSA

Abakhisi SA (Pty) Ltd

Platinum

Shell South Africa (Pty) Ltd

Actus Integrated Management (Pty) Ltd

Anglo Platinum Limited

Transnet Pipelines - a division of Transnet Limited

African National Cranes cc

Aquarius Platinum South Africa (Pty) Ltd

Basil Read Holdings Limited

Secondary

Boitshoko Road Surfacing cc

Diamond

Basic Industries

Bombela Concession Company (Pty) Ltd

Alexkor Limited

Chemicals

C & R Contractors KwaZulu cc

Ekapa Mining (Pty) Ltd

Chemicals - Commodities

CC George Properties (Pty) Ltd

Trans Hex Group Limted

Easigas (Pty) Ltd

Fikile Construction (Pty) Ltd

Other Mineral Extractors & Mines

Chemicals - Advanced Materials

Group Five Limited

Ascent Mining Services cc

Arch Chemicals (Pty) Ltd

Imbani Projects (Pty) Ltd

G4 Civils (Pty) Ltd

Kwagga Holdings (Pty) Ltd

Cape Precious Metals (Pty) Ltd Foskor (Pty) Ltd

Pg 49

Merafe Resources Limited

Chemicals - Speciality

Murray & Roberts Holdings Limited

African Oxygen Limited t/a Afrox

Nolitha (Pty) Ltd Ruwacon (Pty) Ltd

Agro-Serve (Pty) Ltd t/a Efekto

General Mining

Dow Southern Africa (Pty) Ltd

African Rainbow Minerals Limited

Sasol Limited

Pg 64

Pg 57

The Power Group of Companies Vela VKE Consulting Engineers (Pty) Ltd

Anglo American South Africa Limited Exxaro Resources Limited

Scott Steel Projects (Pty) Ltd

Building & Construction Materials

Petmin Limited

Builders Merchants

Other Manufacturing

Siyanda Resources (Pty) Ltd

KLM International Supplies cc t/a KLM Plumbing Supplies

Other Manufacturing

Oil & Gas

Building & Construction Materials

Automould (Pty) Ltd

Oil Gas - Services

Aburec Fencing t/a Cape Fence Erectors

Dossier Consultants (Pty) Ltd t/a CFT Labels

Orbichem Petrochemicals (Pty) Ltd

Amabamba Fencing (Pty) Ltd

Inmins Trading (Pty) Ltd

Cobra Watertech (Pty) Ltd

Marble Gold 1025 cc

Oil Gas - Integrated

Malaka Supplies cc

Process Automation (Pty) Ltd

Afric Oil (Pty) Ltd

Salberg Concrete Products (Pty) Ltd

Vikela Aluvin (Pty) Ltd

Acoustex (Pty) Ltd

TOP WOMEN IN BUSINESS & GOVERNMENT

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www.businesswomen.co.za

INDEX BY SECTOR LISTING

Steel & Other Metals

Consulting Engineers

Iron & Steel

AOS Consulting cc

MacSteel Service Centres SA (Pty) Ltd

Aurecon South Africa (Pty) Ltd

Carrol Boyes (Pty) Ltd

Nedsteel (Pty) Ltd

Bateman Africa (Pty) Ltd

Defy Appliances (Pty) Ltd

Bergstan South Africa Consulting & Development Engin eers (Pty) Ltd t/a Bergstan South Africa

Hendler & Hart (Pty) Ltd

Aerospace & Defence

BKS (Pty) Ltd

Other Textiles & Leather Goods

Defence

Geosure (Pty) Ltd

Korteks Textiles Africa (Pty) Ltd

Advanced Technologies & Engineering Company (Pty) Ltd

Goba (Pty) Ltd

The Goodhope Textile Corporation (Pty) Ltd t/a Da Gama Textiles

ARMSCOR (Armaments Corporation of South Africa) Limited

Golder Associates Africa (Pty) Ltd

Denel (Pty) Ltd

Hatch Africa (Pty) Ltd

Leisure Equipment

Imperial Armour cc

Jeffares & Green (Pty) Ltd

Prima Toys & Leisure Trading (Pty) Ltd

General Industrials

Household Appliances & Consumer Electronics

Pg 61

Amalgamated Appliance Holdings Limited

Khuthele Projects (Pty) Ltd

Diversified Industrials

Madlanduna Corporation (Pty) Ltd

Non-Cyclical Consumer Goods

Diversified Industrials

Manong & Associates (Pty) Ltd

Beverages

Argent Industrial Limited

Palace Engineering Services (Pty) Ltd t/a Palace Technologies

Beverages - Brewers

Barloworld Limited

People for Africa Personnel (Pty) Ltd t/a Ilitha Specialised Staffing

The South African Breweries Limited

Lidonga Minerals (Pty) Ltd

SCIP Engineering Group (Pty) Ltd t/a SCIP

The Bidvest Group Limited

UWP Consulting (Pty) Ltd

Electronic & Electrical Equipment

Cyclical Consumer Goods

Electrical Equipment

Automotive & Parts

Soft Drinks

Enzani Technologies (Pty) Ltd

Automobiles

Amalgamated Beverage Industries

Mandlakazi Electrical Technologies (Pty) Ltd

Associated Motor Holdings (Pty) Ltd

Appletiser (SA) (Pty) Ltd

Tedelex Trading (Pty) Ltd

Bentley South Africa (Pty) Ltd

Coca-Cola SA (Pty) Ltd

BMW South Africa (Pty) Ltd

Quality Beverages 2000 (Pty) Ltd

Beverages - Distillers & Vintners Swartland Wynkelder (Pty) Ltd

Electronic Equipment

Fiat Group Automobiles South Africa (Pty) Ltd

ABB South Africa (Pty) Ltd

Ford Motor Company of Southern Africa (Pty) Ltd

Food Producers & Processors

Ansys Limited

Toyota South Africa Motors (Pty) Ltd

Farming

Bid Information Exchange (Pty) Ltd t/a Oce SA

County Fair Foods - a division of Astral Operations Limited

Bytes Document Solutions (Pty) Ltd

Auto Parts

Dotcom Trading 988 t/a Heidel Eggs

Dartcom (Pty) Ltd

Armstrong Hydraulics South Africa (Pty) Ltd

Kaap Agri Limited

Excelcom cc

Aunde South Africa (Pty) Ltd

Rainbow Chicken Limited

Falcon Electronics (Pty) Ltd

Gearbox Repair Centre (Pty) Ltd

Senwes Limited

Ifihlile Aircon Corporation (Pty) Ltd t/a Gree Products

Lumotech (Pty) Ltd

Suidwes Investments Limited

Itec Central (Pty) Ltd

Midvaal Motor Engineers & Auto Services cc

Itec Group SA (Pty) Ltd

Flextech Manufacturing (Pty) Ltd

Fishing

Jasco Electronics Holdings Limited

Blue Continent Products (Pty) Ltd

Kopano Copier Company t/a Nashua Kopano (Pty) Ltd

Tyres & Rubber

Foodcorp (Pty) Ltd t/a Marpro Trawling

Kyocera Mita South Africa (Pty) Ltd

Pirelli Tyre (Pty) Ltd

Komicx Products (Pty) Ltd

Merlin Gerin SA (Pty) Ltd t/a Conlog

Oceana Group Limited

Pacific Cables (Pty) Ltd

Vehicle Distribution

Ricoh South Africa (Pty) Ltd

Eastvaal Motors (Pty) Ltd

Samsung Electronics South Africa (Pty) Ltd

Fosters Motor Group Limited

Food Processors

Salvage Management & Disposal (Pty) Ltd

AH-Vest Limited t/a All Joy Foods Limited

Engineering & Machinery

Hillcrest Toyota (Pty) Ltd

Alibaba Food Holdings (Pty) Ltd

Commercial Vehicles & Trucks

Boundless Trade 154 (Pty) Ltd

Excellent Meat Corporation (Pty) Ltd

Premier Fishing SA (Pty) Ltd

Foodcorp (Pty) Ltd

600 SA Holdings (Pty) Ltd Bell Equipment Limited

Household Goods & Textiles

Gull Foods - a division of First Lifestyle Group (Pty) Ltd

Cranes 4 Hire cc

Clothing & Footwear

McCain Foods South Africa (Pty) Ltd

Inyati Transport Engineering (Pty) Ltd

AIM Safety Equipment cc

Oceana Brands Limited

Target Cranes (Pty) Ltd

Bibette Clothing Manufacturers (Pty) Ltd

Pioneer Food Group Limited

Bolton Footwear (Pty) Ltd

Tiger Brands Limited

Engineering - Contractors

Carter Harris (Pty) Ltd

Tongaat Hulett Limited

Manhattan Corporation (Pty) Ltd

Eddels Shoes (Pty) Ltd

Willowton Oil & Cake Mills (Pty) Ltd

Neppa Roads & Signs (Pty) Ltd

House of Monatic Manufacturing Intimate Apparel SA - a division of Seardel Group

Health

Engineering Fabricators

M1 Latex Products (Pty) Ltd t/a The Kit Group

Health Maintenance Organisations

Formex Industries (Pty) Ltd

Monviso Knitwear - a division of Seardel Group Trading (Pty) Ltd

Allcare Administrators (Pty) Ltd

Lindumn (Pty) Ltd

MSA Africa (Pty) Ltd

Bankmed

Nike South Africa (Pty) Ltd

Batsomi Lifeworks (Pty) Ltd

Engineering - General

Pals (Pty) Ltd

Bestmed Medical Scheme

ASSA Abloy SA (Pty) Ltd

Rex Trueform Clothing Company Limited

Bonitas Medical Fund

Darson Construction (Pty) Ltd

Sweet-Orr & Lybro (Pty) Ltd

BSN Medical (Pty) Ltd Clinix Health Group (Pty) Ltd

Imbokotho Engineering cc Kram Engineering (Pty) Ltd

Furnishings & Floor Coverings

Fedhealth Medical Scheme

Otis (Pty) Ltd

Bravo Group Limited

Kaelo Consulting (Pty) Ltd

SEW Eurodrive (Pty) Ltd

Dynamic Flooring cc

Lathi Tha' Eye Care

Floorworx Africa (Pty) Ltd t/a Floorworx

Life Esidimeni (Pty) Ltd

Twiice International (Pty) Ltd

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TOP WOMEN IN BUSINESS & GOVERNMENT

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Building an How to make a vision reality With a vision in mind, anything is possible. Trinity Ncala explores how believing in yourself and having the tenacity to overcome all odds can set you on the right path to living out your dreams.

Images courtesy of Getty

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7 th E d i t i o n

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3/10/11 10:33:58 AM

SPECIAL FEATURE

empire Dubbed as the year of opportunity, 2010 brought great excitement to our country. It left us believing we can accomplish anything we put our minds to, despite the odds. It left us feeling we can all make a difference through our individual efforts, giving birth to initiatives like the one being championed by Primedia, Lead SA. Even though it came with all these opportunities, the year came and went and South Africa still has a high unemployment statistic. The yearon-year comparisons show that the number of unemployed increased by 155 000, with an annual increase of 2.7 percent among men and 4.7 percent among women, according to Statistics South Africa. Of the 25 percent of unemployed people, 51 percent are young people looking for any opportunity to prove themselves.

The architecture of an entrepreneur “Entrepreneurs are neither born, nor made. To start your own business takes 10 percent capital

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When you make a decision to be an entrepreneur, a vision and a mission statement are critical. This becomes your compass which guides you.

TOP WOMEN IN BUSINESS & GOVERNMENT

7 th E d i t i o n

27 3/10/11 10:34:11 AM

that is not growing cannot integrate all of its citizens in a meaningful way”. Our government needs to take a decisive role in trying to involve sectors of the community previously left on the periphery. Of course, gender inequality is not unique to South Africa, but our specific history of apartheid contributed to marginalising women. It is obvious that apartheid left a skewed racial economic hierarchy which placed the majority of white people in our population in the highest echelons of business and entrepreneurship. The ANC government’s vision of Black Economic Empowerment (BEE) as a policy centrepiece is one which has unfortunately failed to improve the lot of the vast majority of black South Africans. BEE is intended to address the deliberate past imbalances and inequalities from a racial and gender perspective. According to the Africa Competitiveness Report of 2009, a collaboration between the World Economic Forum, the World Bank and the African Development Bank, South Africa performed well because of innovation, efficiency and infrastructure. However when researchers appraised South Africa’s female-tomale participation ratio in the labour force, we were ranked 103 out of 134, behind fellow African nations such as Benin, Burundi, Ghana, Kenya and Tunisia. Our own government’s Labour Force Survey statistics reveal that the unemployment rate among black women is around 30.9 percent. Even with all the work that has been done to grow our economy and address past imbalances, these statistics show there is still more work to be done at the coalface of South Africa’s economy.

Greater support needs to be given to entrepreneurs so that more innovative business ideas can be generated from within our country. We need to form structures that allow accessibility of information for all people and create networks that allow women to build and empower.

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Characteristics of an entrepreneur According to Dr Khetsiwe Dlamini, entrepreneurship, gender and leadership researcher and co-author of Recognising the Role Men Play in the Entrepreneurial Success of Women: Enhancing the Economic Empowerment of Women, there are specific characteristics that one needs in order to become a successful female entrepreneur. Dr Dlamini’s PHD thesis, on business leadership in 2010 dealt with some of these characteristics. According to Dr Dlamini, some of the successful behaviours common to South African women entrepreneurs rated as ‘successful’ are: 1. Went into business full-time, with the right set of business skills 2. Worked from a formal premises outside the home 3. Had higher levels of male involvement and less family involvement than other female respondents 4. Stayed in business long enough to create secure jobs and employ more women (an average of six years, with six times as many jobs created)

Futher to this, other key characteristics include the following: • Be brave, have guts – yes you do not wear the tie but you can certainly stand like a man without losing your feminine touch. • Know your customer, their brand, their values and contribute to evolving their brands and businesses. • Tenacity and perseverance are key – if I have to phone a client every 30 minutes in order to get a contract, I will do so gladly. • Relationships are key – develop good relationships with your clients (they keep you in business), your staff (they help you deliver sterling service) and your suppliers (as if your business depends on this). • One must be unapologetic about aspiring to have a good and prosperous lifestyle. • Be independent, always be ready to stand on your own two feet. • Be upfront about financial matters – especially where a service has been proved. Chase up on invoices issued. If you do not actively do this, you risk the potential closure of your business.

7 th E d i t i o n

www.businesswomen.co.za

3/10/11 10:34:48 AM

• •

Suss out your all competitors – more importantly – the female competitors. Know their strengths and weaknesses. Learn from their strengths and build on their weaknesses Not forgetting the community that one comes from and giving back – philanthropy is a good thing. Not only because it enriches others, but karma has a funny way of surprising you.

Women in the business world Statistics clearly reveal that women are still heavily marginalised in the work force and in the business world. Our goal should be to live in a society that encourages, rewards and protects entrepreneurship, with an emphasis on female entrepreneurs, as they are most affected by unemployment and discrimination. Author of Run Your Own Business and Make Lots of Money, Eric Parker asks this question, “Why is our society so reluctant to groom and nurture small businesses even though 90 percent of school leavers cannot get jobs?” Greater support needs to be given to entrepreneurs so that more innovative business ideas can be generated from within our country. We need to form structures that allow accessibility of information for all people and create networks that allow women to build and empower one. Once these structures are in place, there will more accessibility to funding and mentorship/menteeship relationships which are developmental in nature. If women have these networks of information, they will know about business opportunities being presented timeously with male counterparts, and in this way we will compete on equal and level ground. Most importantly, women will have a voice. The rhetoric of striking a woman translating to striking a rock will be a vivid reality, as it will allow women to make a larger contribution, through entrepreneurship, to our country’s GDP and assist in addressing the socio-economic problems ofunemployment and poverty.

Images courtesy of Getty

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There have been many strides taken towards the empowerment of women in our country and I am encouraged to see women in powerful positions such as Maria Ramos and Gill Marcus. From here it is onward and upward, as Mama Miriam Makeba once said, “A Luta Continua!”

TOP WOMEN IN BUSINESS & GOVERNMENT

7 th E d i t i o n

29 3/10/11 10:58:34 AM

Empowering women . Empowering the nation.

Lead Innovate Inspire South Africaâ&#x20AC;&#x2122;s top women have come out in support of the countryâ&#x20AC;&#x2122;s premier gender empowerment event

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