Johannesburg - Business Unity SA (Busa) will set up a task team on transformation after the Black Management Forum (BMF) quit the lobby group over its lack of a black voice.
"A task team would be constituted to consider the Busa structure, capacitation of black organisations, participation of smaller organisations in Busa structures and other transformation issues," the business lobby group said on Friday.
The decision was reached at a "very constructive" meeting between Busa and black member organisations on Monday.
It followed the BMF's withdrawal from Busa at the beginning of the month due to its "fundamentally flawed structure", which the BMF said resulted in the voice of black business being "permanently outnumbered and suppressed".
The forum reportedly tried to pressure Busa into appointing a BMF-designated candidate to fill its vacant CEO position, or it would end its membership.
Jerry Vilakazi, Busa CEO for five years and a BMF appointee, left on May 31. Deputy CEO Raymond Parsons will act as CEO until the position is filled.
Busa said the appointment of a new CEO was discussed at a Busa management committee (manco) meeting on Thursday.
Chairperson Andre Lamprecht was assured by Sandile Zungu, who cut ties with Busa this week, that he would remain on the selection committee for recruiting the CEO, Busa said.
Zungu is the chairperson of Busa's transformation policy committee.
In May last year, BMF president Jimmy Manyi condemned Futhi Mtoba's election as Busa president. He said it was "a blow against transformation and the unity process in the South African business community and instead a victory for the interests of established business".
The BMF had supported Zungu for the position.
However, a few days later the BMF said Mtoba had its full support.
The BMF said the current CEO selection process is flawed, as Busa vice-president Mtunzi Mdwaba is both a candidate and involved in drawing up the requirements for the position.
Busa has denied any conflict of interest.
There are now five candidates on the CEO shortlist. This would be narrowed down to a recommended candidate in the next two weeks.
"The manco is confident that the CEO selection process, though difficult, has actually strengthened Busa and ensured its long-term growth and sustainability."
"A task team would be constituted to consider the Busa structure, capacitation of black organisations, participation of smaller organisations in Busa structures and other transformation issues," the business lobby group said on Friday.
The decision was reached at a "very constructive" meeting between Busa and black member organisations on Monday.
It followed the BMF's withdrawal from Busa at the beginning of the month due to its "fundamentally flawed structure", which the BMF said resulted in the voice of black business being "permanently outnumbered and suppressed".
The forum reportedly tried to pressure Busa into appointing a BMF-designated candidate to fill its vacant CEO position, or it would end its membership.
Jerry Vilakazi, Busa CEO for five years and a BMF appointee, left on May 31. Deputy CEO Raymond Parsons will act as CEO until the position is filled.
Busa said the appointment of a new CEO was discussed at a Busa management committee (manco) meeting on Thursday.
Chairperson Andre Lamprecht was assured by Sandile Zungu, who cut ties with Busa this week, that he would remain on the selection committee for recruiting the CEO, Busa said.
Zungu is the chairperson of Busa's transformation policy committee.
In May last year, BMF president Jimmy Manyi condemned Futhi Mtoba's election as Busa president. He said it was "a blow against transformation and the unity process in the South African business community and instead a victory for the interests of established business".
The BMF had supported Zungu for the position.
However, a few days later the BMF said Mtoba had its full support.
The BMF said the current CEO selection process is flawed, as Busa vice-president Mtunzi Mdwaba is both a candidate and involved in drawing up the requirements for the position.
Busa has denied any conflict of interest.
There are now five candidates on the CEO shortlist. This would be narrowed down to a recommended candidate in the next two weeks.
"The manco is confident that the CEO selection process, though difficult, has actually strengthened Busa and ensured its long-term growth and sustainability."