18TH AUGUST 2016 JOHANNESBURG
T O P W O M E N I N B U S I N E S S & G O V E R N M E N T | 1 2 t h E D I T I O N | w w w. b u s i n e s s w o m e n . c o . z a
w w w. t o p w o m e n a w a r d s . c o . z a R195.00
(VAT INCL.)
I N S I DE: F I N D OUT W HY
MARIA RAMOS I S B A N KI N G ON AF R I C A
COMPANIES INSIDE
B R O N ZE S P O N S O R
Can technology change the way we think about conservation? we’re here to help you do it.
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CO NTEN T S
CONTENTS UPFRONT
Contributors Featured clients Editor’s letter Top Women – the brand Publisher’s letter
4 4 5 6 7
SECTOR OVERVIEWS PRIMARY Mining Energy
20 28
SECONDARY Engineering, building,
construction Manufacturing Health
36 42 60
TERTIARY Transport Finance ICT Public sector Education
82
114 140 146 162
KEY FEATURES
Interview: Maria Ramos
Banking on Africa Interview: Minister of DIRCO Interview: Minister of Transport
14
The 5 (s)heroes who led the 1956 Women’s March South Africa’s women
Interview with Maria Ramos Banking on Africa
2
around the world The 12th Annual Standard
Bank Top Women Awards
Top Women in Business & Government 12th edition
14 32 88 96 122 167
56
3 South African global icons
EDITORIAL
3 Multinationals 3 South African global icons 5 Differences women make Women on board In retrospect Excellence is a habit Step it up South Africa
52 56 74 76
106 132 158
LIFESTYLE
Accommodation:
Cape Grace Hotel Restaurant: Open Door Conferencing: Century City Conference Centre
186 188 190
C O NT ENT S & C REDI T S
CREDITS
TOP MEDIA & COMMUNICATIONS CEO Ralf Fletcher Editorial Director Ryland Fisher Group Editor Fiona Wakelin
Brand Manager Babalwa Mkobeni
96
186
Accommodation
SOUTH AFRICA’S GENDER EMPOWERED COMPANIES Research criteria
Top 100 Companies Index
10
11 194
Assistant Editors Jocelyn Stiebel Edwain Steenkamp Creative Director Michelle Rademeyer
Sales Manager Lee-Ann Bruce
The 5 (s)heroes who led the 1956 Women’s March
TOPCO STUDIO Production Director Van Fletcher
Business Development Managers Bantubahle Gogo Boikokobetso Lehana Clinton Rhode Charlton Mouton Janet Karodza Nokuthula Bonga Financial Manager Haley Fletcher
Designer Kamiela Abrahams Traffic Manager Daniel Bouwer artwork@topco.co.za Research Manager Sandra Bock Researchers Majdah Rogers Sufyaan Banderker Kelly Bredeveldt Nazreen Harris
Head Office Top Media & Communications (Pty) Ltd T/A Topco Media 14 Roodehek Street, Gardens 8001
Distribution & Subscriptions Ingrid Johnstone ingrid.johnstone@topco.co.za
Tel: +27 86 000 9590 Fax: +27 21 423 7576 Email: info@topco.co.za Website: www.topco.co.za
Make-up artist Samantha Scarborough
Photographer Marnus Meyer
Printers Paarl Media Images ©shutterstock®
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 Top Media & Communications (Pty) Ltd T/A Topco Media. Reg. No. 2011/105655/07. 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 emissions. ISBN: 9780620500746 12001
Top Women in Business & Government 12th edition
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C ONTRIBUTO RS & F E AT U R E D CL I E N T S
CONTRIBUTORS Stefanie Busch
Zinzi Mgolodela
Stefanie Busch is a freelance writer, currently studying for her Masters in Law at the University of Cape Town, where she specialises in women’s human rights and environmental law. She also holds a BA degree for Media and Writing.
Zinzi Mgolodela hails from the Eastern Cape and holds a business honours degree from the University of Western Cape. She is passionate about transformation of corporate socio-economic issues. She is currently the head of transformation at Woolworths.
Vanessa Rogers
Stephen Timm
Vanessa Rogers runs TextBOX Conceptual Services, a small media business offering copy writing, editing and PR services. Niches close to her heart include: healthcare, social development (including women empowerment), technology and aesthetics. In her spare time she can be found at the ballet barre, out on the road in her trainers or singing nursery rhymes to her baby son.
Stephen Timm is a South African journalist and researcher who has been writing on small business and entrpeneurship in South Africa as well as other developing nations since 2003. He is also the founder of Small Business Insight – a research and policy consultancy for small business programmes and policies in emerging economies.
FEATURED CLIENTS I
A
ACSA
84
ALCM Solutions
144
Anglo American
22
Armscor
50
AstraZeneca
67
IST HSE Solutions
69
NTP Radioisotopes
Joburg Property Company
38
Johnson & Johnson
59
Clicks 138
Kabu Design Architects
Clinix Health Group
L
62
Continental Tyres
46,111
City of Tshwane
154
D
Environmental Affairs
148
Denel
80
Dimension Data
IFC
E
Ekurhuleni Artisans and Skills Training Centre Emerge Solutions
4
157 137
P
Lady T Protection Services
58
Lucob 120
PR Powerhouse
101
R
44
94
S
24 98
Sibongile Security Services
102
Mazwe Financial Services
121
Sizwe Medical Fund
70
M-Dito
104
Standard Bank
116
Mediclinic
66
Mmapro IT Solutions MNS Attorneys Monash University
142 112 164
Mont Blanc
IBC
Mzanzi
Top Women in Business & Government 12th edition
192
T
Teleresources
45
T-Mark Logistics Total
Vitrovian
99
Tsheto Leadership & Coaching
30
W
WDB Investment Holdings Weltux Woodfords
185 118
V
Wiphold
Selfmed Medical
68
41
Schneider Electric
Mango
156
PPC
Rheinmettall Denel
M
Department of
72
Tumi
National Home Builders Registration Council
J
K
C
Academy
N
136
128 40 100
86
EDI TOR’ S L ET T ER
EDITOR’S LETTER T H E JO URN E Y TO EMPO WE RME N T What a bumper issue of Top Women in Business and Government we have put together this year! It has been such a pleasure for the Topco editorial team to conceptualise, write, commission and collate articles that celebrate the journey of gender empowerment in South Africa. 2016 marks the 60th anniversary of the Women’s March to the Union Buildings. This presented a perfect opportunity to take stock of where we have come from, where we are currently – and where we are going – on the road to parity. I invite you to come with us on the journey we have described in the publication: First the past: There are two retrospective articles in this edition. In the one we honour the Women’s March and the icons who led it and in the second we trace a timeline of past winners of the Top Business Woman of the Year Award – where they were at the time of receiving the Award, and where they are today. The 2015 winners of the Top Women Awards are featured in the article of the same name. Then the present: Maria Ramos in “Banking on Africa” speaks about opportunities on the continent; Honourable Ministers of DIRCO and Transport talk about journeys, both personal and sectoral; we look at what is happening in terms of gender representation in a selection of South African board rooms and 3 multinational corporations; Shirley Zinn’s remarkable journey of courage and determination is celebrated and we honour the women ambassadors who represent us around the world.
We take the temperature of the economy by providing overviews of 10 sectors in the primary, secondary and tertiary sectors.
company, Maria Ramos speaks about what changes need to happen in South Africa for more women to be in similar powerful positions across sectors.
And, of course, there is the listing of the top 100 gender empowered companies in the country.
We hope you find this edition of Top
Looking ahead: “Step it up South Africa” reviews where South Africa is in terms of achieving 50/50 parity – and what needs to happen to achieve this goal. As the only woman currently to head a JSE top 40
Women in Business and Government interesting, thought provoking and inspiring – as we did.
Fiona Wakelin Editor
Top Women in Business & Government 12th edition
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TOP WO MEN - TH E B R A N D
TOP WOMEN – THE BRAND Top Women is South Africa’s leading gender empowerment brand which celebrates organisations in both the public and private sectors for prioritising gender empowerment as an integral part of their business strategies. The brand is focussed on enabling, developing and implementing innovative initiatives to promote gender empowered organisations. This is accomplished via the following three pillars:
T H E PUB LIC ATION
Backed by more than twelve years’ of research, the annual
Top Women In Business & Government publication is the
country’s authoritative source on top gender empowered companies. Measured against rigorous criteria, organisations achieve scores based on the representation of women in senior positions, gender empowerment policies, ownership and percentage of female staff. The publication includes listed and unlisted companies with a turnover of above R35-million, SMEs with annual turnovers that range from R5–R35 million, as well as public sector organisations. Only qualifying companies are profiled in the publication.
T H E AWA RD S
The second pillar of the Top Women brand is the annual Top Women In Business and Government Awards which bridges the gap between the public and private sector and each year reaches an audience of over seven hundred key decision makers. In 2014 Standard Bank took up the platinum naming rights to the Top Women Awards, hence the title Standard Bank Top Women Awards. Our awards alumni currently sits at over 240 organisations and individuals who have been recognised and celebrated. The event, now in its thirteenth year, will once again acknowledge the most sustainable and most successful gender empowerment strategies of organisations across all sectors. The Top Women Awards has been graced by previous Lifetime Achievement Award recipients such as Dr Nkosazana Dlamini Zuma and Sophia Williams-de Bruyn, and speakers have included Minister Maite Nkoana-Mashabane, Minister Nomvula Mokonyane, Madame Phumzile Mlambo Ngcuka and Gill Marcus.
T H E C O NFE RE N C E
After twenty years of democracy the gender agenda is a question of how we can effectively reach the 50/50 Gender parity goal not only in line with the South African Gender Equity Bill but also in pursuit of the global Planet 50/50 by 2030 vision. It is still a shocking realisation that South Africa, although it ranks as the country with one of the highest number of female CEOs in Africa, only has 11.6% women CEOs and chairpersons across all sectors and of the 25 largest listed companies only
6 Top Women in Business & Government 12th edition
Department Of Transport Dear Ishmail Mnisi I trust that my letter finds you in excellent shape. Charlotte, following the 12th Standard Bank Top Women Awards which we just broadcasted on Top Billing- we are currently working on the 12th edition of the annual Top Women In Business & Government publication. I would like to hereby request an interview with Minister Elizabeth Dipou Transport to be included in the 12th edition which will be distributed March 2016 in time International Women’s Day. The Top Women publication identifies, researches and celebrates excellence in gender empowerment and profiles top female executives in both the public and private sector.
For a tangible assessment of the 11th Edition with Wendy Applebaum on the cover plea view the digital version : http://issuu.com/topcomedia/docs/top_women_11th-publication
The annual publication is the result of a process where our research department selects over 1500 gender-empowered companies to list and profile. The companies that meet o entry criteria include local and national government departments, educational institutions and State-owned enterprises.
Top Women, as brand and a publication, creates a media platform to showcase compan that demonstrate good governance. Our focus is companies that have created policies t entrench gender equality into their company strategy.
2% have 21% or more positions held women. It is globally and Gender empowerment is director at the cutting edge of theby business agenda companies do business with other organisations can showcase and with this inwant mindtothat we introduce the third pillar of who the brand, demonstrate this is a priority in their organisation. the Top Women Conference, in which industry experts will
Our focusthe is to allow investors to find and and reach these companies. unpack business imperative tools case studies on Research shows that female-run and owned organisations have greater performance how key decision makers can effectively influence policieslevels. and Top Women is he to find them, and allow investors. strategies to accelerate bridging the gender gap in key decisionSincerely, making roles.
Babalwa Mkobeni Babalwa Mkobeni Brand Manager Brand Manager Top Women In Business & Government babalwa.mkobeni@businesswomen.co.za Cell : +2779 803 6525
PU BL I S HER’S L ET T ER
PUBLISHER’S LETTER “W H E N Y OU STRIK E A WO MAN , Y OU STRIK E A R O CK ” – THE WOMEN’S MARCH 1956
In 1956, 20 000 women broke the barriers of race and class and marched to the Union Building in Pretoria to challenge the pass laws – proving the collective is stronger than the individual in initiating change. This is one of the key lessons we celebrate on the 60th anniversary of the Women’s March – that women, men, youth and our predecessors have much to impart, not by creating followers, but by creating leaders who can lead us through barriers into a new territory. Thirteen years ago when we first started this publication and engaged in our research on Top Gender Empowered Companies, our focus was on what larger organsations were doing to shift toward gender parity, and their contribution to closing the gender gap in public and private sector organisations. It made sense to us that organisations with well-known names and large workforces would be able to create a more powerful impact. However, what we have come to realise is that SMMEs and fast growth companies are significant players in the arena of job creation in emerging markets. We look forward, as time passes, to see how SMMEs will challenge the status quo, when they can take a stand in front of the public and private sectors and use their collective force to achieve the next milestone in gender empowerment. In this edition of Top Women in Business and Government we feature Maria Ramos, who is currently the only woman to head a JSE top 40 company. Can we leave it to her to lead the way for more female
leaders in these organisations? We believe not. This is the time for us to foreground all leaders who have effected change in their organisations. We want to give our male counterparts an opportunity to showcase what they are doing in support of closing the gender gap, and in doing so create space for all true leaders, male and female. So we are looking forward to recognising all CEOs, regardless of gender, from our Top 100 gender empowered companies who are assisting men and woman to lead change in closing the gap.
As a fast growth company ourselves I look at where we have come from and how we have organically grown by double digits over the last 4 years. What can this growth be ascribed to? More than 75% of our workforce is female, with more than 70% in management positions, I leave you to draw your own conclusion.
Karla Fletcher
Director - Top Media and Communications
Top Women in Business & Government 12th edition
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A DVERTORIA L/S TAN DAR D BAN K
COMPANIES EMPOWERING SOUTH AFRICAN WOMEN HAVE THE CHANCE TO BE RECOGNISED For 13 years, the Top Women Awards have been recognising and celebrating the achievements and contributions that women are making to shape the private and public sectors in South Africa. These women are often outstanding leaders who show inspiration, vision and innovation and South Africa would be worse off without them. For the past three years, Standard Bank has been the proud platinum sponsor of the Awards that feature 17 award categories for private organisations showing commitment to gender empowerment, three awards in the public sector, five awards recognising individual women and two headline awards naming the gender-empowered business of the year and recognising one individual’s lifetime achievement. Standard Bank is committed to the awards, because platforms like these are important for recognising outstanding leadership, inspiration, vision and innovation in organisations that have stepped up and shaped women’s roles within the public and private sectors.
Hannah Sadiki
A Standard Bank study conducted in 2015 has found that the percentage of female business ownership in the economy declines the bigger the business gets, which is also true for black ownership. Among smaller businesses (below R10-million turnover), women owned a stake in as much as 60% of these businesses, which dropped to 46% in the bracket up to R300-million, and dropped again to 27% among businesses with a turnover of up to R1.2-billion. “More should be done to support women in business,” says Hannah Sadiki, Executive Head of Customer Channels at Standard Bank. “These are the women who have consciously decided to take control of their destiny, relying on their own smarts for a livelihood. As a bank, we have strategically positioned ourselves for women such as these.” Standard Bank has therefore made a group-wide decision to support and nurture women and their businesses. The Bank’s Small Enterprise unit offers basic affordable banking services that enable small businesses to build financial records and capacity, and then add to these services tools, such as the small business portal, that enable business owners and managers to build their financial management capabilities. The Bank’s relationship managers around the country are also trained to work with business owners to provide them with the right solutions for their businesses. Sadiki described Standard Bank’s involvement in the Top Women Awards as an extension of its support for viable businesses, and an encouragement for women in business and organisations supporting these women to continue their journey.
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Top Women in Business & Government 12th edition
S TA N DA R D BANK/A DV ERTORI A L
Standard Bank understands business needs in South Africa and beyond, and the Bank has what it takes to help take business to the next level, to help them move forward. Standard Bank has a number of initiatives involving women, including the Women in Wealth Academy as one of its modules in its Leadership Academies. The Women’s Wealth Academy focuses on money mastery, investing, raising a financially fit family and philanthropy. Through inspirational talks, interactive conversations and case studies, delegates learn the fundamentals of investing, listen to panel discussions on purpose and philanthropy and discover their own personal strengths. Moreover, delegates partake in facilitated conversations about how to raise financially responsible children, how to nurture children’s early passions and curiosities and how to tackle topics like gratitude and giving back. The Standard Bank Business Incubator also supports various initiatives for women, the main one being The Lioness Lean
In Programme. Standard Bank sponsors the Monthly Lioness Lean In Events held at the Incubator in Rosebank and quarterly Lioness Lean In Events in Cape Town and Durban. These events are normally attended by female entrepreneurs, clients and Standard Bank staff with an impressive and highly influential panel of speakers and other guests. Entries are open for this year’s Top Women Awards that recognise CEOs, executives, leaders in corporate South Africa, SMMEs, government departments and agencies; as well as entrepreneurs. Entries close on 24 June 2016, and the winners will be announced at a prestigious event at Emperors Palace in Johannesburg on 18 August 2016. “As an organisation that makes progress real for women in business, we have strategically positioned ourselves for women such as these,” says Sadiki. “That’s why we continue to recognise businesses for their support in empowering women.”
CONTACT DETAILS 9th Floor
Standard Bank Centre 5 Simmonds Street
Johannesburg 2001 Branch customer care number 0860 101 341
Top Women in Business & Government 12th edition
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T OP W OM E N I N DE X 2 0 1 6
TO P 1 0 0
C OM PA NIE S The central focus of Top Women in Business and Government is gender empowerment in the workplace. In order to determine the ranking of the top 100 gender empowered companies in South Africa, organisations are evaluated according to a set of criteria which can be broadly grouped into employment and control criteria on the one hand, and policy criteria on the other. Within the former group, organisations are measured in terms of the extent to which women are represented within employment, management and ownership.This includes whether the organisation has a female CEO, MD or chairperson; and the proportion of women within overall employment, and amongst executive directors, management and senior management. The proportion of female ownership is another criterion within this group. The second set of criteria reflects organisations’ commitment to gender equality and empowerment as is evidenced by the existing nature of company policies. The establishment of written policies that are specifically women-focussed and designed to encourage the retention of women in the workplace; as well as corporate social investment (CSI) expenditures which hone in on the development of women, represent a critical set of criteria within the policy sphere. This data is rigorously researched and analysed over a period of one year. Based on the above crieria, the following are the 100 most gender empowered companies in South Africa.
TO P 100/C OMPA NI ES
COMPANY & SECTORS SECTOR: BASIC INDUSTRIES
SECTOR: FINANCIAL SERVICES
Bibette Clothing Manufacturers (Pty) Ltd Carrol Boyes (Pty) Ltd Falcon Electronics (Pty) Ltd Sephaku Cement (Pty) Ltd
ABSA AON South Africa (Pty) Ltd Deloitte FirstRand Bank Limited Investec Bank Limited JSE Limited KPMG South Africa (Pty) Ltd Mutual & Federal Insurance Company Limited MUA Insurance Acceptances (Pty) Ltd Mutual Life Assurance Company South Africa Limited Nedbank Group Limited Nkonki Incorporated Prescient Limited Sizwe Ntsaluba Gobodo (Pty) Ltd Strate (Pty) Ltd The Standard Bank of South Africa Limited
SECTOR: BUILDING CONSTRUCTION Aurecon South Africa (Pty) Ltd
Fikile Construction (Pty) Ltd Group Five Limited Pretoria Portland Cement Company Limited The Power Group of Companies
SECTOR: BUSINESS SUPPORT SERVICES Accsys (Pty) Ltd Actus Integrated Management (Pty) Ltd Cozens Recruitment Services (Pty) Ltd DAV Professional Placement Group Isilumko Staffing (Pty) Ltd King James Advertising Cape Town (Pty) Ltd Morvest Business Group Limited Ogilvy & Mather South Africa Quest Staffing Solutions Studentemps & Pro Appointments cc The Workforce Holdings Limited
SECTOR: EDUCATION College of Cape Town Durban University of Technology Nelson Mandela Metropolitan University Tertiary School in Business Administration
SECTOR: HEALTHCARE & PHARMACEUTICALS Clinix Health Group (Pty) Ltd Lancet Laboratories (Pty) Ltd Metropolitan Health (Pty) Ltd Melomed Hospital Holdings Limited Netcare Limited
SECTOR: ICT Gijima I-Net BFA (Pty) Ltd IT Master NEO Technologies (Pty) Ltd T-Systems SA (Pty) Ltd
Top Women in Business & Government 12th edition 11
SECTOR: MULTINATIONALS
SECTOR: PROFESSIONAL SERVICES
Accenture South Africa (Pty) Ltd Siemens (Pty) Ltd Virgin Airways Ltd
Greymatter and Finch (Pty) Ltd Manto Management (Pty) Ltd Nolitha Electrical and Construction (Pty) Ltd Thebe Exhibitions & Projects Group
SECTOR: NATIONAL GOVERNMENT DEPARTMENT Department of Arts and Culture Department of Correctional Services Department of Health Department of Public Service & Administration Department of Public Works Department of Social Development Government Communication and Information System (GCIS)
SECTOR: PARASTATALS Airports Company South Africa (ACSA) National Film & Video Foundation National Youth Development Agency (NYDA) Sasria SOC Ltd South African Bureau of Standards (SABS) South African Broadcasting Corporation Limited (SABC) South African Post Office (SAPO) South African Qualifications Authority (SAQA) South African Tourism South African Weather Service (SAWS) Telkom SA SOC Limited Transnet SOC Limited
SECTOR: RESOURCES Afric Oil (Pty) Ltd Kumba Iron Ore Limited KZN Oils (Pty) Ltd The Petroleum, Oil & Gas Corporation Of South Africa (Pty) Ltd
SECTOR: RETAIL African & Overseas Enterprises Limited Jenna Clifford Designs (Pty) Ltd Key Stationers cc Mr Price Group Limited Voltsing Electrical (Pty) Ltd Watkins Valeur
SECTOR: TRANSPORT Amasondo Fleet Services (Pty) Ltd Sebenza Forwarding & Shipping (Pty) Ltd Siyaduma Auto Ferriers (Pty) Ltd
SECTOR: PERSONAL PRODUCTS
SECTOR: TRAVEL & TOURISM
Annique Health and Beauty (Pty) Ltd Avroy Shlain (Pty) Ltd Estee Lauder Companies (Pty) Ltd Kimberly-Clark South Africa (Pty) Ltd Revlon South Africa (Pty) Ltd Sanofi-Aventis South Africa (Pty) Ltd
Duma Travel (Pty) Ltd
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Top Women in Business & Government 12th edition
HRG Rennies Travel (Pty) Ltd South African Travel Centre Sure Travel (Pty) Ltd Travel with Flair (Pty) Ltd
Billions have been invested in transformation. See how the Oliver Empowerment Award winners have contributed to the achievement of economic transformation through empowerment.
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MARIA RAMOS
BANKING ON AFRICA MARIA RAMOS, CEO OF BARCLAYS AFRICA GROUP SHARES COGENT, CONSIDERED INSIGHTS ON DOING BUSINESS IN AFRICA, GENDER PARITY AND THE VALUE OF DIVERSITY.
14 Top Women in Business & Government 12th edition
FEATURE/ MA RI A RA MO S
Maria Ramos was Director-General of the National Treasury from 1996 to 2003 and in January 2004 was appointed as Group Chief Executive of Transnet. She joined Absa as Group Chief Executive in March 2009 and is a member of the Barclays PLC Executive Committee. Maria is a Non-executive Director of Compagnie Financiere Richemont SA. She is also a member of the International Business Council Executive Committee; the World Bank Chief Economist Advisory Panel; Business Leadership South Africa and the Banking Association of South Africa.
You have been ranked as one of the most powerful women in international business. Please speak about the growth of business opportunities you see happening across the African continent in the next five years. Global growth is expected to pick up modestly from 3.1% to 3.4% in 2016, although we saw the year open with markets reflecting continued concerns about China and other macro trends. Closer to home we are facing multiple challenges in the short term, but there are reasons to be fairly optimistic about Africa’s future, including the continent’s maturing economies, growing urbanisation and youthful workforces, as well as a burgeoning middle class. Africa remains one of the fastest growing regions in the world and the continent has strong fundamentals in place, which will strengthen its resilience to withstand the current economic headwinds. Africa is a very young continent – two thirds of the population is under the age of 30. Whereas western nations and China are facing the challenge of an ageing population, we’re seeing the opposite across Africa. We could very well be the source of future labour for regions where economic growth is threatened by ageing populations and a shrinking workforce. Our young demographic will also provide a large future consumer population, compared to many other parts of the world. Our population is increasingly clustered around urban centres and urbanisation is a key driver for economic activity. By 2030, almost 50% of Africans will be living in cities.
“Across the con t inent, there is i ncre ased dem and fo r i nfrastru ctu re and I T s e rvi c es, opening up ma rke ts and creati n g s i gni fi cant opportu n i t i es for b u siness” 16 Top Women in Business & Government 12th edition
Across the continent, there is increased demand for infrastructure and IT services, opening up markets and creating significant opportunities for business. Innovation, especially technology-based innovation, changes lives in Africa, exponentially more so than in developed countries where access to goods and services is easier. This is true for the financial services and other sectors – from transport to tourism – where technology’s power of disruption is changing traditional ways of doing business. Mobile penetration in Africa, estimated at 89% at the end of 2014, is growing fast and enabling transactions such as money transfers and microfinance. The opportunity for financial services companies is to develop solutions that meet diverse and complex market needs; demand for formal banking services is increasing and local companies across a number of African countries need sophisticated financial products to grow. Conversely providing increased access to basic financial services is just as critical. According to McKinsey’s 2015 report South Africa’s big five: Bold priorities for inclusive growth, the three largest opportunities for service exports to sub-Saharan Africa are in the construction sector, financial services and business services. South Africa
M A R IA R AMOS/FEAT U RE
currently only has a 2% market share of sub-Saharan Africa’s service imports so the opportunities in this region of the continent alone are considerable. Africa’s challenge is to deliver sustainable growth that creates jobs. There are of course some risks on the horizon: our lack of (or ageing) infrastructure, slowing growth in some of our major trading partners’ economies and lower commodity prices. The International Monetary Fund (IMF) has cut forecasts for South Africa and for many other countries – the IMF now projects economic growth in South Africa at 0.7% from an estimated 1.3% last year. Key strategic priorities for Barclays Africa include growing our corporate and investment banking and wealth, investment management and insurance offerings into the rest of Africa. We also see significant opportunity in retail banking to meet the growing consumer demand for efficient and innovative financial solutions.
“I f i r mly believe t h a t ed uca t i o n a nd ski lls d evelo p m e nt i s t h e o n ly w ay to a ch i eve t he a dv a n cemen t of wo men i n S o u th Af r i c a ”
On balance, I am excited by the potential Africa presents to our business and that of others.
As the only woman currently to head a JSE top 40 company, what changes do you think need to happen in South Africa for more women to be in similar powerful positions across sectors? The benefits of gender parity are well documented. In their 2015 report, the McKinsey Global Institute looks at the economic potential of closing the gender gap and found that as much as $28-trillion, or 26%, could be added to global annual GDP in 2025 if parity in the world of work is achieved – a staggering number. In South Africa, we benefit from one of the most progressive constitutions in the world which guards against discrimination on any grounds through the Bill of Rights. So we have a great foundation to build upon; but the meaningful socio-economic empowerment of women in South Africa will not happen quickly or easily. It requires the commitment of public and private sector bodies and leaders to overcome existing social norms and break through the barriers that hold women back. Women also need to be challenged to take ownership of their own destiny. They need to be in a position where they have control to own their futures. More and more women have the ability to do so but don’t exercise this power in order to extract the full benefit. As women, we need to meet these barriers head on and demand to be included in and represented at all levels of society, government and business. I firmly believe that education and skills development is the only way to achieve the advancement of women in South Africa. A recent government report entitled The Status of Women in South African Society indicates that good progress has been made when it comes to women accessing different levels of education. Crucially, however, this progress is not so apparent at the masters and doctoral levels. It is also problematic that women tend to dominate the services sector, gravitating less to the science, technology, engineering and mathematics (STEM) professions. As the report attests, women make up a large portion of the labour market, but a concerted effort is needed by the private and public sectors to bring women into decision-making forums and to encourage them – from school level – to pursue careers in mining,
Top Women in Business & Government 12th edition 17
FEATURE/ MA RI A RA MO S
18 Top Women in Business & Government 12th edition
M A R IA R AMOS/FEAT U RE
At Barclays Africa, women make up 25% (three out of 12) of our board, which also has a female chairperson. Four out of the 12 of our executive committee members are women. We have established various women’s networks across the bank such as Banking on Women, to accelerate the advancement and professional growth of women across Barclays Africa.
Last year was a milestone year as the targets set for SADC in the Protocol, aligned to the Millennium Development Goals, expired in August. While none of the SADC countries reached the 50% target of women’s representation in parliament, cabinet or local government, based on the 2015 SADC Gender and Development Index, all but one moved closer to gender equality.
Barclays also sponsors a number of projects supporting the empowerment of women. HeForShe is a United Nation’s global campaign to involve one billion men in the advancement of women’s rights. The campaign aims to engage men as advocates for gender equality, encouraging them to take action against the myriad inequalities faced by women.
And while the same index says South Africa has made 79% progress towards gender equality since 2009, our country still has a way to go. According to the index, 41% of parliamentarians are women, while women account for 38% of local government representatives and 41% of Cabinet members. The number of women occupying highlevel economic decision-making positions was at 23%, according to the index.
Transnet and Absa bank were white-male dominated preserves when you took on leadership positions in both organisations. Please outline your strategies to get buy-in for the transformation of their organisational cultures.
“Af r i c a ’ s ch al l e n ge i s to d e l i ve r s u s t a in ab l e grow th wh ich c re a te s jo b s ”
Successful organisations are ones that value diversity. There is a direct correlation between diversity and performance: a McKinsey & Co study of over 300 public companies in the United States, Canada, the United Kingdom, Brazil, Mexico and Chile, titled Diversity Matters indicated that highly diverse companies appeared to excel financially.
This is key for us at Barclays Africa to attract and retain people. We have a comprehensive plan in place to promote diversity and inclusion, with gender as a key focus area. Our transformation agenda aligns with Barclays’ global diversity and inclusion strategy, the purpose of which is to attract and retain top performers and talent from diverse groups. We also have Barclays Africa Diversity and Inclusion Council chaired by Nomkhita Nqweni, who was promoted to the position of the chief executive of wealth, investment management and insurance (WIMI) on 1 October 2015, to focus on gender, ethnicity, race and disability. One of the Council’s main priorities is to “create a supportive environment that develops and celebrates the inclusion of women in decision-making and leadership roles in Barclays Africa”.
Please comment on the importance of the 50/50 campaign for the SADC region – and the likelihood of South Africa achieving this goal. Of all the sources of exclusion across the world, gender inequality is the most crosscutting and is so normalised that it often goes unnoticed, even by women. The 50/50 target of women representation in politics and decision-making positions in the SADC Protocol on Gender and Development marked a turning point in the region towards incorporating and measuring gender equality.
There is no doubt in my mind that the absence of women in decision-making structures has an adverse effect on development. In our company, we are firmly aware of this and we have several initiatives afoot to ensure constant progression towards a more gender-reflective structure.
What do you see as the key components of South Africa’s gender agenda – and are we doing enough to ensure it is top of mind for both business and government?
Government has developed laws to promote the rights of women and it leads by example. Women occupy key positions in government from the ministerial level through to local government. While there has also been progress in the private sector, women still account for only 21% of top executive management positions and 32% of all senior management positions (Employment Equity Report; 2014). Vitally, we need more women serving on boards. Legislation aside, leadership programmes, networks and forums that focus on women all play a role in ensuring the gender agenda is top of mind in business and government. It is fair to say we still have a long way to go.
Who are your role models – and why? Nelson Mandela will always remain a source of inspiration to me. I am deeply grateful to him for what he did for South Africa, our continent and for the world. It was an honour for me to serve in government under his leadership. When it comes to finance and economics, my local role models include Reserve Bank Governor Gill Marcus. An international role model is Ben Bernanke, due to his management of the Federal Reserve Bank under extremely trying circumstances during the global financial crisis.
Top Women in Business & Government 12th edition 19
MINING SECTOR OVERVIEW
DIGGING DEEPER BY EDWAIN STEENKAMP
Historically in South Africa, private ownership of land extended to the executive ownership of any mineral resources found within it. However, the Mineral and Petroleum Resources Development Act of 2002 “recognised the internationally accepted right of the State to exercise sovereignty over all the mineral and petroleum resources within the Republic” and promoted “equitable access to the nation’s mineral and petroleum resources to all the people of South Africa”.
B A C K G R O UN D
South Africa is a resource-rich country. Mining and related activities represent a major portion of the South African economy and the country plays an importantt role in the global mining market, contributing to gold, diamond, platinum, uranium, chrome, coal, nickel, silica, tin and zinc stocks. According to the Department of Mineral Resources, South Africa actively mines 60 different minerals and continually searches for new opportunities to diversify. Related sectors such as manufacturing and transport are dependent on the health of the primary secors, with mining serving therefore as the heartbeat of the South African economy. 20
Although the sector will continue to draw local and foreign direct investment, there are still challenges such as electricity supply shortages, infrastructure and other structural issues, as well as investor uncertainty about legislation and policy. The Minister of Mineral Resources, Mosebenzi Zwane therefore has committed himself to keeping investor confidence in the wake of the recent drop in global commodity prices and shifts in demand.
P L AT I N UM
South Africa is responsible for processing a staggering 80% of the world’s platinum reserves. The world demand for platinum is currently around 130 tonnes; South Africa and Russia alone meet 90% of this demand. There are currently projects underway in South Africa, that will see the growth and expansion of platinum mining in the country, the challenge right now is to weather any commodity price changes. At current production levels, Statistics SA determined that platinum resources will last for over 215 years.
GOLD
Gold mining remains a major contributor to the South African economy. Currently the
country is still seeing new mines opening, with each having a 25-30 year life cycle, which is an indication that gold will remain a source of investment. However, Statistics SA has suggested that South Africa will have to look at diversifying away from gold eventually, as the country has only limited resources. Gold made up 12,5% of all mineral sales in South Africa in 2014.
Top Women in Business & Government 12th edition
M IN IN G /S EC TOR OV ERV I EW
A LOOK AT GOLD OUTPUT IN TONNES AROUND THE WORLD 450 China 274 Australia 247 Russia 210 United States 152 Canada 140 Peru 152 South Africa 118 Mexico 100 Uzbekistan COAL
South Africa depends heavily on coal to support its economy. In 2014, coal contributed to 27% of all mineral sales in South Africa. It currently serves as the country’s most important source of energy although increasing investment is being made in the green economy.
PR O DUCTION AN D MAN U FAC T UR I N G
South Africa boasts sophisticated production and manufacturing capabilities within the mining sector. The country also processes and manufactures steel, stainless steel, aluminium and gold. Beneficiation within the mining sector is vital as it boosts the economy and job creation and helps sustain and support related sectors such as infrastructure, logistics and retail.
W O MEN IN MIN E S
91 Ghana 80 Brazil 69 Indonesia 53 Papua New Guinea Sources Africa Mining IQ
Department of Mineral
Chamber of Mines South Africa
Resources
Brands South Africa
Statistics SA
Department of Government
U.S. Department of the Interior
Communications and Information System
According to the Chamber of Mines, there has been progress in the sector addressing concerns around women in mines. At the start of 2014, a team was set up to address the following key issues such as equipment used for the safety of women in mines and the matter of gender discrimination in the industry.
Top Women in Business & Government 12th edition 21
THAMI NGQOTWANE Grade 8 Learner Naledi Trust
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S C H N E ID E R E L E C T RIC/A DV ERTORI A L
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CONTACT DETAILS: Schneider Electric Isabel Mwale
+27 (0) 11 254 6400
isabel.mwale@schneider-electric.com
GENERAL NEWS
Schneider Electric fully backs HeForShe campaign JOHANNESBURG – April 05, 2016 – Schneider Electric, the global specialist in energy management and automation, alongside nine other world’s leading companies took part in the UN Women’s inaugural HeForShe Parity Report. The Report, which released new workforce gender diversity figures including details on leadership roles and board membership, was announced at the World Economic Forum in Davos on January 22, 2016, in the presence of Phumzile Mlambo-Ngcuka, Under-SecretaryGeneral and Executive Director of UN Women; Emma Watson, UN Women Goodwill Ambassador, and Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric. Last year at the 2015 UN Women session at Davos, UN Women unveiled the HeForShe IMPACT 10X10X10 initiative to galvanise Jean-Pascal Tricoire, Chairman & CEO of momentum in advancing gender equality. Schneider Electric HeForShe IMPACT 10X10X10 engages 10 key decision makers at governments, corporations and universities around the world to drive change from the top. In June 2015, Schneider Electric joined the HeForShe IMPACT 10x10x10 pilot group. Other companies are: AccorHotels, Barclays, Koç Holding, McKinsey & Company, PricewaterhouseCoopers, Tupperware Brands, Twitter, Unilever and Vodafone. “This group of companies spans 10 industries and almost a million employees around the world. Through their experiences, we can identify and scale solutions to transform sectors, and eventually, achieve an equal world. By shining a light on their own challenges, and bravely sharing their data, they define what leadership looks like on this issue,” said
Top Women in Business & Government 12th edition
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ADVERTORIA L/SCH N EI DER EL ECTR I C
view as well as a detailed examination of key roles. This analysis includes three figures that explore the current representation of women, and one leading indicator which reflects the direction the company is taking. Each company shared information from their completed 2014 reporting cycle. This date provides a common starting point for all companies and shows the gender composition at the outset of IMPACT 10x10x10. Corporate IMPACT Champions are reporting gender representation in: 1. 2. 3. 4.
Overall company Senior leadership Board New hires
As a member of the HeForShe IMPACT 10x10x10, Schneider Electric also made specific commitments to achieve by the end of 2017: • I ncrease the representation of women across the pipeline – 40 percent at entry of new managers and technicians (versus 29 percent currently), and 35 percent increase in representation in key positions • I mplement a salary equity process worldwide, covering 85 percent of the Group’s workforce • I nvolve Group leaders worldwide and create a governance body dedicated to this programme
Emma Watson, UN Women Goodwill Ambassador
Phumzile Mlambo-Ngcuka, UnderSecretary-General and Executive Director of UN Women. The UN has made this type of partnership a key part of achieving its 2030 Agenda for Sustainable Development, which prioritises gender equality as both a standalone goal and as an integral part of other goals. The transparency displayed in the announcement is therefore crucial for measuring progress. Jean Pascal Tricoire, Chairman and CEO, Schneider Electric, said: “Companies have a key role to play
as ‘change agents’ to build a world where gender equality is a reality. It is a question of determination. Leading by example and engaging more men in these challenges will be one of my key priorities.” Recognising both the importance of this topic and the critical need for progress, IMPACT Champions have taken a bold stance on transparency. They have committed to periodically and publically share standard figures on gender representation. Four figures were selected as a standard baseline across all 10 companies, providing both a holistic workforce
26 Top Women in Business & Government 12th edition
“We fully support this gender equality programme in the southern African region and are strongly communicating it to our employees,” confirmed Eric Leger, Country President for Schneider Electric Southern Africa. “This year marks 86 years since white women first got the vote in South Africa and it has been 22 years since women of all races in the country could vote. Although much has been done to support and advance women in both business and society since then, the reality is that female representation in leadership positions in southern African businesses is still much, much lower than male representation. We aim to change this within our own organisation as well as within the energy and engineering sector through both internal and external programmes.”
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ENERGY SECTOR OVERVIEW
POWERING UP BY EDWAIN STEENKAMP
South Africa is heavily reliant on the energy sector to provide power for all sectorors of the economy. The knock-on effects of power outages the country experienced last year has resulted in new and stable ways of producing energy being a priority on the agenda for the State going forward.
B A C K G R O UN D South Africa’s economy relies heavily on its energy-intensive coal mining industry. With limited oil and gas reserves the country currently relies heavily on coal for national energy consumption. Over 70% of South Africa’s primary energy consumption comes from coal and around 60% of its crude oil requirements are met by importing from the Middle East. Once completed, Kusile and Medupi Power Stations will each add around 4800 MW to the national grid. The Ingula hydro pump will add 1332 MW. This will contibute meaningfully to the economy, with Medupi alone, expected to add 0.35% to GDP annually.
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COAL In the 2015 BP Statistical Review of World Energy, it is estimated that South Africa holds just over 3% of the world’s coal reserves and has the largest coal reserves in Africa. Over the past decade, coal production in South Africa has been stable and activity has largely taken place in the Witbank, Highveld and Ermelo coalfields; and low quality coal is used to manufacture synthetic fuels. Asia, Europe and the Middle East are some of the major export destinations for South African coal.
GAS South Africa produces a small volume of natural gas and imports from Mozambique in order to fuel gas-fired power plants. It is estimated that South Africa holds around 390-trillion cubic feet of recoverable shale gas, making it the world’s eighth largest holder of technically recoverable shale gas resources.
ELECTRICITY Electricity is a concern for South Africa, as its recent production and delivery issues have contributed to the slowdown in GDP growth experienced by South Africa recently. There are initiatives in place to help address this, as secure, reliable and affordable electricity supply is essential to any economy and in particular for emerging markets such as South Africa.
Top Women in Business & Government 12th edition
E N E R G Y /S EC TOR OV ERV I EW
BIGGEST COAL-FIRED PLANTS • Arnot • Camden • Duvha BIGGEST GAS TURBINE STATIONS • Acacia • Port Rex • Ankerlig BIGGEST HYDRO STATIONS • Gariep • Vanderkloof
NUCLEAR POWER STATION • Koeberg
Currently, the majority of South Africa’s electricity is produced by coal-fired plants, around 10% is produced by hydroelectric plants, 4% is nuclear-based and only 1% is being produced through other renewable sources.
LO O K ING FOR WARD
RENEWABLE ENERGY STATIONS • Klipheuwel • Sere Wind Facility
The National Development Plan (NDP) has outlined its vision for the energy sector for 2030. Its aim is for the sector to supply enough electricity and liquid fuels to make sure that economic activity and development in South Africa can happen without any disruptions or major standstills. Renewable energy also forms a part of the NDP’s vision. Power generated by wind, solar and hydro will all serve as alternatives to coal and the vision is to have renewable energy sources contribute 29 000 MW of power by 2030. The Integrated Resources Plan (IRP) – which was promulgated in 2011 and is revised every two years – aims to create an additional nuclear capacity of around 9 600 MW by 2030. The IRP will ensure that the energy market is regulated with sound governance and that secure and affordable energy resources are available to South Africans, all the while keeping climate changes in consideration.
Sources BP Statistical Review of World
Oil & Gas Journal
Energy
Sasol
Department of Energy
South African Petroleum Industry
National Development Plan
Association
National Economic Development
US Energy Information
and Labour Council
Administration
Top Women in Business & Government 12th edition 29
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