Black business body quits Busa

2011-07-04 13:43

Business Unity South Africa has expressed regret after the Black Management Forum decided to pull out of the organisation.

In a three sentence media statement, Busa said: “Busa notes with regret the decision by the BMF to withdraw from membership of Busa.

“Busa remains open to meeting with the BMF to further engage on the challenges being faced in securing business unity in South Africa.

“The Busa president, Futhi Mtoba, is currently travelling abroad but a Busa Management committee meeting is scheduled shortly and this matter will be high on the agenda,” read the statement.

The BMF, whose president is cabinet spokesperson Jimmy Manyi, today plunged business unity into disarray when the forum released a press statement announcing its resignation from Busa.

National Federated Chamber of Commerce and Industry (Nafcoc) secretary general Gilbert Mosena said the black small business chamber was still waiting to speak to Manyi about the decision.

“At this stage, Nafcoc has not formulated an opinion on BMF’s decision because we don’t have all the details,” said Mosena.

“As the BMF is our sister organisation and we face similar challenges over transformation, we will talk and reflect with the BMF over the decision and see whether it was worth making,” he said.

The BMF dropped the bombshell about its resignation today.

“The BMF board in its meeting of June 25 unanimously resolved to withdraw its participation in Busa with immediate effect,” read the statement.

The BMF said it took the decision because of Busa’s “fundamentally-flawed structure where the black business voice is permanently outnumbered and suppressed”.

“Of the 50 organisations comprising Busa, black business has no more than 10 votes,” says the BMF statement.

“With one organisation one vote, there is no way that black business could ever have its voice heard on transformation issues,” it says.

The statement said the BMF will engage other stakeholders in a summit planned for Limpopo to map out a strategy for life after Busa.

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