MASS MAIL 15 MARCH 2006 - FINANCING BLACK EMPOWERMENT PARTNERSHIPS

FOUNDATION FOR THE DEVELOPMENT OF AFRICA
"Participation Builds Unity"

"MADE IN AFRICA - FOR AFRICA"

FDA NEWSLETTER

MASS MAIL
15 MARCH 2006
FINANCING BLACK EMPOWERMENT PARTNERSHIPS
(All)

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The FOUNDATION FOR THE DEVELOPMENT OF AFRICA proudly presents you with the following information that may add value to Africa's development. Please direct any correspondence to: info@isupportafrica.com

FINANCING BLACK EMPOWERMENT PARTNERSHIPS

The South African government has embarked on a policy of encouraging broader black participation in the South African economy. There is somewhat concern in industry circles that the BBBEE (Broad Based Black Economic Empowerment) programme or initiative is (or has) only benefiting a select few. You may recall we recently commented on "To BEE or not to BEE" where The Foundation for the Development of Africa strongly recommended that the phrase BEE - Black Economic Empowerment be changed to BEE - Building Entrepreneurial Enterprises.

We received some very interesting comments on this - see:
http://www.foundation-development-africa.org/africa_black_business/index.htm
Select: "To BEE or not to BEE"

PS - This webpage is ranked number one in the world when searching for "black business development africa" on www.google.com - this from some 57,800,000 (58 Million) WebPages.

A conference, hosted by Terrapinn, is scheduled for 29 and 30 March 2006 to be held at the Sandton Convention Centre here in Sandton South Africa. This event will allow for industry leaders to meet and learn more about forming and financing sustainable empowerment partnerships.

The event is proudly ENDORSED BY THE FOUNDATION FOR THE DEVELOPMENT OF AFRICA and will feature in-depth analysis and expert opinions from some of South Africa's most knowledgeable black empowerment pioneers - including:
Zandile JAKAVULA - CEO - Consortium
Bheki SIBIYA - CEO - BUSA (Business Unity South Africa)
Paul NKUNA - CEO - Mineworkers Investment Company
Khehla MTHEMBU - CEO - Gauteng, General Manager Corporate Affairs, (A case study presenting Old Mutual while sharing his experience in implementing an empowerment partnership in the finance arena. He will discuss the importance of identifying a suitable partner, how to enact transfer of ownership without discouraging foreign investors and addressing fronting)
Leake S HANGALA (Dr) - Managing Director - Namibia Power Corporation
Tarah SHAANIKA - CEO - Namibia Chamber of Commerce
Terence G SIBIYA (Dr) - Strategic Equity Investment - Standard Bank

Yours truly, Peter METCALFE, will be addressing the delegates on day one and chairing day two of this strategically important event.

Should you be interested in attending - please contact:
Yeukai MANYAKARA from Terrapinn on +27 11 516 4045
Email: yeukai.manyakara@terrapinn.co.za
Website: http://www.terrapinn.com/2006/bepza/

Our website features the most comprehensive list of UPCOMING EVENTS SERVING AFRICA.
http://www.foundation-development-africa.org/africa_upcoming_events/index.htm

Our FDA AFRICA SUPPORTERS and FDA PARTNERS contribute towards the wellbeing of the Foundation for the Development of Africa. In return we showcase these organisations and individuals on our world-ranked website.

This is a plea for you to support our FDA AFRICA SUPPORTERS and FDA PARTNERS. There wellbeing indirectly means our wellbeing.

Our FDA AFRICA SUPPORTERS are showcased and branded on every 'index page' within our 600 plus page websites - see:
http://www.foundation-development-africa.org/fda_info/africa_supporters.htm

Our FDA PARTNERS are showcased on our dedicated FDA PARTNER website - see:
http://www.fdapartners.net/partners/index.htm
or
http://www.fdapartners.net/com/logodisplaylist.htm

The services and products of our supporters/partners are indexed on our PRODUCTS AND SERVICES SERVING AFRICA - This section is becoming very popular and is receiving substantial 'hits' from around the globe - see:
http://www.fdapartners.net/products_services/index.htm

It may be in your interest to participate as a FDA PARTNER - see why:
http://www.fdapartners.net/com/why_participate.htm

We need you to support our efforts - please participate:
http://www.foundation-development-africa.org/fda_info/how_then_can_i_support_fda_africa.htm

Please add your name to a growing list of names proclaiming - "YES! I support Africa" - see:
http://www.isupportafrica.com/isagen/names/index.htm

Take care

COMMENTS RECEIVED

18 March 2006
Dear Peter
Many thanks for this article. ( Top Down - Bottom Up Fertilisation)
Indeed, I read your article and had my wounded heart immediately healed.
I am glad that our country has people of your calibre, although such people would hardly be invited to come up with ideas and strategies that would create something of a public sustainable value.
Indeed, your article is a hit!
Regards,
Chris Mkhize
CEO
Uthungulu Community Foundation
South Africa

15 March 2006
Dear Chris,
Thank you for your most interesting comment - I would recommend you read this paper I delivered in Geneva Switzerland in November 2005
Top Down - Bottom Up Fertilisation
Peter METCALFE FDA

15 March 2006
Dear Peter
Many thanks for this communication.
I just want to draw the attention of all to the fact that whilst we talk about development in Africa, we need at the same time to design and develop special administrative structures to deal with the plight of most poor, under-resourced and rural communities.
Most rural communities in Africa seriously lack essential tools required for sustainable development: human capital, financial capital, social capital, and physical capital.
These are aggravated by absence of resources for capacity building training, monitoring and evaluation of numerous interventionist measures aimed at addressing the situation.
In an attempt to address this situation, I would like to suggest that donors and government focus on identifying and empowering intermediary organisations that would serve the interest of local communities, as well as the interest of donors and government. These intermediary organisations would work with local government, to accelerate service delivery and build solid foundations from which sustainable development could be realised.
Regards,
Chris Mkhize
CEO
Uthungulu Community Foundation
South Africa

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