Black South African executives told to
steer clear of state-owned companies
The Black Management Forum (BMF) has called on black executives to not apply for senior appointments within state-owned companies (SOCs) – at least until the government has developed a clear governance framework for these institutions.
This governance framework must also outline the role of the minister of public enterprises, who BMF president Andile Nomlala has accused of “clearly overreaching his authority and behaving like a de facto chief executive officer within some SOCs.”