Implementing broad-based black economic empowerment

Old Mutual (SA) has applied a project-management approach to the implementation of black economic empowerment. The project is “owned” by the Managing Director and the Executive Committee. It is managed by a dedicated resource that is responsible for coordinating black economic empowerment and for ensuring that the company is a leading contributor to empowerment.

A key role of the project manager is to coordinate the work of teams in human resource development, procurement, corporate social investment, empowerment financing, and the retail business unit responsible for group sales. The project manager is also responsible for measuring and reporting performance to the Financial Sector Charter Council.