| Fri 9 Nov 2007, 16:21 | | SKJ - Sekunjalo Investments Limited - Media Releas |
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SKJ
SKJ
SKJ - Sekunjalo Investments Limited - Media Release
SEKUNJALO INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/006093/06)
ISIN: ZAE000017893
Share Code: SKJ
("Sekunjalo")
9 November 2007
SEKUNJALO HOSTED BY PROVINCIAL GOVERNMENT OF THE WESTERN CAPE (PGWC) AT GALA
DINNER TO CELEBRATE ITS RECOGNITION BY WORLD ECONOMIC FORUM (WEF) AS A NEW
CHAMPION GLOBAL GROWTH COMPANY
Premier Ebrahim Rasool, delivering the keynote address at a gala dinner hosted
last night by the Provincial Government of the Western Cape (PGWC) in honour of
Sekunjalo Investments Ltd, said that he was extremely excited that the Western
Cape-based company had been included in the World Economic Forum`s Top 125 list
of Global Growth Companies (GGC) and challenged other companies to ensure that
they were also included on the list in the future.
Speaking at the gala dinner, which was attended by a number of leading Cape-
based CEO`s, business and community leaders, Rasool said that "it is a major
achievement for our province and South Africa that Sekunjalo, who have
operations in the UK and Mauritius, have achieved this very special accolade. It
dispels the current notion of Afro-pessimism and is testimony to the significant
achievements of this company which is about more than just profits."
Rasool said that the company had pioneered a new ethical compass which did not
only compromise profits and economic viability but flew the flag for ethical
conduct in business. He said that their success had proven that a simple
definition of empowerment, which sought to shift resources from high
concentrations to lower concentrations and that would bring societal
equilibrium, had been created.
Sekunjalo Investments Ltd CEO, Mo Kajee spoke about the significance of the
achievement for Sekunjalo from the World Economic Forum. Kajee said "with this
recognition, the WEF has acknowledged that Sekunjalo has embedded a culture of
leadership at all levels into the heart and DNA of the organization. The
selection followed a meticulous process and was based on a number of factors,
including the business model, growth record and the quality of the executive
leadership of the selected companies."
Head of Africa at the World Economic Forum, Haiko Alfeld, addressed the
gathering and spoke about the shift in the economic power balance in the world
and how the recognition of the "New Champions" reflected this shift, as new
drivers of global growth. This shift was occurring at a time when power
relations and the mindset of prominent traditional international institutions
did not reflect it. He said that "the "New Champions" reflect vision and
innovation and want to have an increased say in world affairs and are
increasingly in a position to challenge the status quo, which I welcome."
Lawrence Khoza, representing Business Unity South Africa (BUSA) congratulated
Sekunjalo and said that this recognition was extremely significant for black
business. He said "this honour debunks the myth that multi- nationals are
synonymous with the West. It indicates that black business can operate at a
global level and that it is important that more black companies take up this
challenge."
ENDS
For more information please contact:
Zenariah Barends
Sekunjalo Investments Ltd
Tel: 021 7027700
Fax: 021 7027744
Mobile: 082 441 0433
email: zenariahb@sekunjalo.com
Date: 09/11/2007 16:21:23 Produced by the JSE SENS Department.
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