SA Mint MD Honey Mamabolo on why mentorship is critical to achieving gender parity

Gender parity and diversity in leadership roles have been ongoing conversations in the corporate world, and the South African Reserve Bank is no exception. In a recent interview with CNBC Africa, Honey Mamabolo, the Managing Director at the South African Mint Company, shed light on her journey to a leadership position in a male-dominated industry and the importance of mentorship and sponsorship in achieving gender equality. Mamabolo's appointment as MD coincided with the onset of the COVID-19 pandemic, posing unique challenges for her leadership style and team dynamics. Despite these challenges, Mamabolo highlighted the resilience and adaptability of her team in navigating the uncertainties brought about by the global crisis. She emphasized the importance of adopting a 'people-first' approach and implementing virtual work arrangements to ensure the safety and well-being of her team members. As a trailblazer in breaking the glass ceiling, Mamabolo shared insights from her experience in the chemical industry and her journey to a leadership position at the South African Mint Company, a testament to the bank's commitment to gender parity and transformation. She discussed the significance of mentorship and sponsorship in her career advancement, acknowledging the pivotal role played by male mentors in recognizing her potential and providing opportunities for growth. Mamabolo advocated for a holistic approach to diversity and inclusion, emphasizing the need for early intervention in building skills and creating equal opportunities for all individuals. While progress has been made in increasing female representation in management positions, Mamabolo acknowledged that there is still a long way to go in achieving true gender equality. She cautioned against the implementation of quotas without addressing the underlying gaps in skills, race, and diversity within the workforce. Mamabolo emphasized the importance of creating a society that is fully representative and inclusive, where individuals have equal opportunities to thrive and excel. The conversation with Honey Mamabolo highlights the ongoing efforts towards achieving gender parity and diversity in leadership roles, underscoring the role of mentorship, sponsorship, and a proactive approach to creating a more inclusive workplace.