JOHANNESBURG - Prominent businessman Sandile Zungu has replaced Danisa Baloyi as president of the Black Business Council (BBC).
Zungu, who founded Zungu Investment Company, was elected on Tuesday night in a leadership shake-up that also saw Tourism Investment Corporation chief operating officer Judy Nokwedi taking over as the secretary-general of the business lobby.
Mining magnate Bridgette Radebe, the older sister of billionaire businessman Patrice Motsepe, was elected chairperson. Zungu replaced Baloyi who was suspended by the organisation late last year over a “missing” R5 million donation from the Airports Company of South Africa. BBC also laid criminal charges of fraud and theft against her and replaced her with Gilbert Mosena as acting president.
BBC chief executive Kganki Matabane said he was hopeful that the new leadership would revive the council’s fortunes.
Matabane said: “We are excited and positive that the new leadership will usher a new era and give hope to the black business in general."
- BUSINESS REPORT