For a high level of compliance with the revised B-BBEE codes to be achieved, there has to be a high level of buy-in from various organisations. However, the Department of Trade and Industry (dti) might face the problems in ensuring that companies toe the line, if findings of A Transform SA Online telephonic survey of ten companies in the mining sector supply chain are anything to go by.
The ten companies – five blue chip and five other medium sized – concurred with that transformation is morally right, but disagreed with being forced to find a ‘black’ partner. Their borne of contention was finding the calibre of someone with passion in the specific sector they trade in.
Views of one captured the general sentiment of all: “This business has been built over three generations. It was formed by my great grandfather during the gold rush in 1890 and I won’t allow a situation where I have to bring someone who does not understand the philosophy governing my company just to impress politicians.
“You don’t want to bring in someone who will be playing golf for 6 hours everyday and collecting dividends he has not worked for at the end of the financial year.”
Another one recounted an agonising experience with a former BEE partner he fell out with who demanded I million Rand to buy top of the range cars ‘befitting a boss’.