1. …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. by Kola Jolaolu, Executive Director, Ngubane & Co. Management Consultants (Pty) Ltd. Black Economic Empowerment Conference Slide 1

2. …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

3. …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

4. …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 technology consulting services, unravel value, lead by example, and stay ahead of competition. Black Economic Empowerment Conference Slide 4

5. …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

6. …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 services  Forensic 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

7. …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

8. …rapidly and consistently securing superior results. www.ngubane.co.za Chartered Accountants (SA), Business & Information Technology Consultants Black Economic Empowerment Conference e mpowerment can happen between: oblack and white oblack and black owhite and white Slide 8

9. …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

10. …rapidly and consistently securing superior results. www.ngubane.co.za Chartered Accountants (SA), Business & Information Technology Consultants Black Economic Empowerment Conference Slide 10

11. …rapidly and consistently securing superior results. www.ngubane.co.za Chartered Accountants (SA), Business & Information Technology Consultants Black Economic Empowerment Conference Our Experience Large firms prefer to deal with firms that are clearly not ready to be empowered and actively avoid those that are enthusiastic about empowerment. Slide 11

12. …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 of competence;  Deliberately infused frustration; etc. Slide 12

13. …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

14. …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 monitoring Collaborative bidding process Mentoring Slide 14

15. …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