I’ve always believed in the power of collaboration to drive meaningful change. Recently, a significant step was taken to address the slow pace of economic transformation in South Africa’s ports sector. On a sunny afternoon, the Chief Executive Officer of the Ports Regulator of South Africa (PRSA), Ms. Mukondeleli Johanna Mulaudzi, and the Commissioner of the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Mr. Tshediso Matona, came together to sign a Memorandum of Understanding (MoU). This agreement marks the beginning of a promising partnership aimed at promoting economic transformation in our ports sector.
The partnership between the PRSA and the B-BBEE Commission couldn’t come at a better time. The latest PRSA report reveals that Black Ownership in port terminal operations is alarmingly low—below 20%. When it comes to leases, it’s just 18%, and for services and facilities, it’s even lower at 12%. Ownership by Black Women in the sector is a mere 15%. These figures highlight the urgent need for action.
The B-BBEE Commission’s 2022 National Trends and Status report also paints a concerning picture. While the Integrated Transport sector boasts 58% Black Ownership by JSE-listed entities and 25% by Black Women, the ports sub-sector continues to lag. This disparity underscores the pressing issue of enforcement and accountability for non-compliance with the B-BBEE Act.
The B-BBEE Commission plays a pivotal role in strengthening accountability and enforcement, leveraging its powers and functions under the B-BBEE Act. This collaboration with the PRSA is expected to enhance the monitoring of transformation activities within the ports sector, ensuring that black operators and port users benefit more in the future. The MoU facilitates the exchange of information, strategies, expertise, and research related to B-BBEE and transformation efforts. Moreover, it opens the door for both partners to engage in awareness and advocacy programs concerning B-BBEE.
Imagine a future where small and medium enterprises in the ports sector grow into large enterprises, driving our economy forward. This vision was echoed by the PRSA CEO during the MoU signing ceremony. She emphasized that this collaboration marks an important journey toward achieving B-BBEE enforcement through the partnership.
Mr. Tshediso Matona, the B-BBEE Commissioner, passionately stated, “There is no doubt that the Ports Sector has strategic importance for the economy, and as such, there is no reason why black people cannot have equitable participation in the economy.” His words resonate deeply with me and countless others who envision a more inclusive and equitable economic landscape.
The signing of the MoU was met with enthusiasm from stakeholders in the maritime sector, including the Maritime Business Chamber, Industry Development South African Maritime Safety Authority, B-BBEE Charter Council, and eThekwini Maritime Cluster.
It’s clear that the ports sector plays a crucial role in job creation and economic development. According to recent statistics, this sector contributes significantly to employment, supporting thousands of jobs across the country. This partnership between the PRSA and the B-BBEE Commission is a beacon of hope, signaling a brighter and more inclusive future for South Africa’s ports sector. Together, we can make meaningful strides toward economic transformation and ensure that every South African has the opportunity to participate in and benefit from our economy.