Message from the President
This month we pay tribute to the 5th President of ABSIP Mr. Sello Moloko. During his tenure Mr. Moloko launched the Western Cape ABSIP branch, then known as a chapter. Today we are continuing in his strides and are expanding ABSIP to other provinces of South Africa. The
I would like to welcome the new ministerial team at the National Treasury, Minister of Finance Mr. Malusi Gigaba and Deputy Minister of Finance Mr. Sifiso Buthelezi. They have joined the team at a critical time and are expected to help lead South Africa’s recovery back to investment grade status. It is without doubt that collaboration and cooperation with domestic and international investors, business, professional and labour formations, rating agencies, and international partners such as the BRICS Bank, IMF and World Bank is essential.
It is in these engagements that the National Treasury team needs to pursue an inclusive and transformative fiscal path that will grow the economy and include, meaningfully, the previously excluded people and businesses in the economy. It is our view that this economy must be shared in a fair, just and equitable manner so as to achieve a normal society.
As ABSIP we are encouraged by the recent fruitful engagement with the South African Reserve Bank, particularly Governor Lesetja Kganyago and his Deputy Governors. Following our discussions we have committed to participate actively in the SARB Monetary Policy Forum and Fiscal Stability Forum.
In May we look forward to the discussions and resolutions of the World Economic Forum on Africa, which will be held in Durban on 3-5 May. The meeting will convene regional and global leaders from business, government and civil society to explore solutions to create economic resilience and opportunities for all. We are hoping that deliberations from the summit will assist South Africa and Africa at large in the urgency of economic diversification, revitalization of manufacturing and harnessing of human innovation.
ABSIP will host the National Association of Securities Professionals (NASP) from the USA in a bilateral roundtable on 5 May to discuss opportunities between ABSIP and NASP members. The expected outcome of the discussion is mobilisation of domestic and foreign investment in the African continent, South Africa in particular.
During the last two months I have written to each of you (professionals, corporates and small black firms) inviting you to renew your ABSIP membership. I urge you to do so in order to help sustain ABSIP and enable the delivery of programmes, initiatives as well as continuity of the Bursary Fund.
ABSIP Social Partners Engagement
As ABSIP we have a mandate to engage with our stakeholders and then report to our members. We attended an Economic Roundtable Engagement Forum hosted by our mother organisation Black Business Council, wherein we were visited by Deputy Minister of Cooperative Governance and Traditional Affairs, Honourable Obed Bapela. He invited black business to work with his department to ensure the realisation of the Radical Economic Transformation goal. He told black business of the opportunities that are available for emerging players in the market as well as big business. During the discussion, some concerns were raised by business and how their businesses were being affected. These bottlenecks ranged from red tapes that they face when applying to do business with the COGTA to official’s incompetence, corruption and many more.
The DM assured black business that his department will consider the concerns raised and will continue to engage with them. Another engagement was when we, through BBC, were invited to a Business Forum on Qatar-South Africa Trade Relations hosted by the department of International Relations and Cooperative Affairs. This business forum was held a day after the heads of both states had met and signed a memorandum of understanding on several business areas. This business forum was attended by Minister of Small Business Development, Honourable Lindiwe Zulu and his counterpart from Qatar. She spoke on Radical Economic Transformation and assured Qatar business delegation how this should not scare them off as SA has strong legal and policy framework that will ensure their investments in the country.
ABSIP continues to participate and contribute to the Radical Economic Transformation narrative through BBC sub-committee that deals with the subject specifically.
Members are encouraged to make use of the opportunities availed to them by our stakeholders and should the our ASIP office for more information.
Increased capacity In ABSIP Office
She joins us with vast management experience that will be of benefit to the office capacity.
Ms. Tshesane is reachable at, +27 010 203 9014 and email@example.com
We are pleased to announce and congratulate Ms Yonela Makwetu and Ashley Daswa for being the successful applicants to this year’s lag of the ABSIP-Fordham Programme to study an Advanced Certificate in Emerging Markets and Country Risk Analysis.
We would like to wish them all the best in their studies abroad.
ABSIP Young Professionals Transformation Series.
On Thursday, 06 April 2017, the ABSIP Young Professionals Chapter hosted a small roundtable at Old Mutual Investment Group, with Boutique Head Peter Brooke to discuss the urgency of transformation in our industry.
Peter told his story of hiring and developing young black investment professionals sharing his lessons on his failure to retain black talent. The two key areas he highlighted were; recognition (rewarding talent and ensuring that they are happy and feel appreciated) and training (having a development plan to up-skill young analysts).
The roundtable was limited to 30 members to encourage engagement. The feedback received from members was positive and they thought that this platform was encouraging as it opens a dialogue between management and young professionals on the importance of transformation. The members learned a lot from Peter’s message and were grateful for his honesty on the sensitive subject.
We hope this will be the beginning of a series of transformation conversations within our industry where we will actively identify potential speakers to share their thoughts on this crucial subject.
Making Paying for Membership Easier Than Ever Before!
I would like to thank all professional members who have renewed and paid their membership dues for the year 2017. I encourage those that have not renewed yet, to do so.
Corporate members in the large corporate and small black business category are also reminded to settle their standing with the organisation.
Please ensure that your membership fees are paid by 31 May 2017. Do not forget to quote your unique corporate/individual membership reference which appears on your invoice.
For any queries and/or assistance in this regard, please do not hesitate to contact us at firstname.lastname@example.org