KZN Oils, our holding company, took
the initial step to include other
previously disadvantaged people, in
particular, Black women. Zanele Mbogazi
formed Phaphama, a company with ten
other Black women. Phaphama has 26%
equity ownership and the balance is
owned by Mr Reddy. Zanele Mbogazi
is a non-executive director and is
the Chairperson of Phaphama. Her involvement
entails participation in key strategic
decision making. She will soon be
considered for election to the Board
of Directors of KZN Oils and as a
non-executive director in Champion
Health Care.
|