BMF urges S.African government to follow processes - CNBC Africa

BMF urges S.African government to follow processes

Southern Africa

by Trust Matsilele 0

South Africa's 20 years of democracy have seen slow economic transformation. PHOTO:BBFit

South Africa's 20 years of democracy have seen slow economic transformation, this is according to industry experts.

Among other developments has been the recent fights at the country’s leading cement giant PPC, slow growth in the employment sector and also controversy over South Africa’s nuclear deal with Russia.

The cement manufacturing company saw its respected chief executive Ketso Gordhan stepping down with immediate effect due to fights with the board.

(READ MORE: Ketso Gordhan resigns as PPC’S CEO)

According to media reports, Russia’s Rosatom State Atomic Energy Corporation made public that the country had signed an agreement in Vienna with South Africa’s Energy Minister Tina Joemat-Pettersson for nuclear power plant development.

(READ MORE: S.Africa says nuclear power deal with Russia in early stages)

South Africa is yet to confirm the news following revelations that the process was marred with irregularities.

The Black Management Forum’s (BMF) Themba Dlamini said though his organisation was yet to come up with a position as details remained sketchy, he said government was expected to follow processes.

(WATCH VIDEO: Black Management Forum discusses good governance)

“Any programme of government is expected to be taken through different processes as there will be cost benefit analysis of any big project that government intends to undertake,” Dlamini told CNBC Africa.


“At a cabinet level you would have a proposal presented by the lead department and this case it would be public enterprises or department of energy.”

According to media reports the government failed to follow proper processes in granting the Russians the deal to set up plants.  

(WATCH VIDEO: SA economic transformation with Tembakazi Mnyaka)

The BMF which is set to hold its two day Annual Conference and Exhibition in Sandton is likely to table concerns raised over the nuclear deal developments.

“We are looking forward to about 300 guests to attend the two day conference with key stakeholders including the ANC’s secretary general set to attend the conference.”