…rapidly and consistently securing superior results.

Durban

Johannesburg

Cape Town

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

BEE in the Real Economy: a financial services experience.

byKola Jolaolu,

Executive Director,Ngubane & Co. Management Consultants (Pty) Ltd.

Black Economic Empowerment Conference

Slide 1

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

About us

We are a wholly black owned professional firm established in 1995. Our operations are segmented into two distinct theatres:

Ngubane & Co.Registered with the South African Public Accountants’ and Auditors’ Board as Accountants in public practice.

Ngubane & Co. Management Consultants (Pty) Ltd

Business & Information Technology Consultants.

Black Economic Empowerment Conference

Slide 2

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Our Vision

To be a professional service provider of choice that rapidly and consistently secures superior results.

Black Economic Empowerment Conference

Slide 3

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Our Mission

To extend the frontiers in financial management, assurance, business and information technologyconsulting services, unravel value, lead by example,and stay ahead of competition.

Black Economic Empowerment Conference

Slide 4

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Our unconditional commitment

In every engagement, we will partner with our clients in a way that rapidly secures superior results, unravel value, extend frontiers, cause them to become exemplary and stay ahead of competition.

Black Economic Empowerment Conference

Slide 5

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Our bouquet of services

Financial Services Accounting services Audit servicesForensic services Tax services Corporate Governance services

Business & Information Technology Consulting Business Consulting Human Capital solutions Outsourcing services Information Technology Consulting

Black Economic Empowerment Conference

Slide 6

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

A precursor there are two sides to

empowerment

One side has to want to empower the other &the other side has to want to be empowered by the

empowering side.

Slide 7

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

empowerment can happen

between:oblack and whiteoblack and blackowhite and white

Slide 8

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

EMPOWERMENT COMES WITH RESPONSIBILITY.

Black Economic Empowerment Conference

Slide 9

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

Slide 10

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

Our ExperienceLarge firms prefer to deal with firms

that are clearly not ready to beempowered and actively avoid

those that are enthusiasticabout empowerment.

Slide 11

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

Our Experience SABOTAGE:

Promotion beyond level ofcompetence;

Deliberately infused frustration;etc.

Slide 12

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

A Panacea

Education

Slide 13

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

A Panacea

Improved support for BEE companies.

Payment terms

Award of big contracts

Project

monitoringCollaborative bidding process Mentorin

g

Slide 14

…rapidly and consistently securing superior results.

www.ngubane.co.za

Chartered Accountants (SA), Business & Information Technology Consultants

Black Economic Empowerment Conference

The Future “…the knowledge and conscience and conviction

to do what is right, the impulse to create the outcomes that evoke pride and joy in all of us,….”

-President Thabo Mbeki HIS VOICE WILL NEVER FALL SILENT I n M e m o r y o f W a l t e r S i s u l u

Slide 15