(New York, 14 April 2008) - On Thursday 10 April 2008, CEOs and senior executives from 17 leading South African companies gathered at AngloGold Ashanti Offices in Johannesburg to sign on to the United Nations Global Compact. The signing ceremony marked the closing of “The Global Compact in Africa” conference, co-hosted by the National Business Initiative (NBI) and the Stellenbosch University Unit for Corporate Governance in Africa.
The one-day conference explored the meaning of the Global Compact in Africa, particularly the unique role that companies operating on the continent can play by implementing the ten Global Compact principles. A wide range of topics were discussed, including the role of South Africa as a dominant regional economy, the influence of China and India on Africa, regional water issues, the state of corruption, responsible management education, and case studies on practical implementation. Keynote speakers included Professor Tom Donaldson from the Wharton School of the University of Pennsylvania and Soren Petersen, Head of Local Networks and Partnerships at the Global Compact.
Mr. André Fourie, the CEO of NBI and focal point for the Global Compact Local Network in South Africa, congratulated the new signatories adding: “This significant commitment by major South African companies represents a movement towards mainstreaming corporate responsibility. It is something that has developed rapidly in the last few years, to the point where we are beginning to see the emergence of a fundamental shift in the way business is done”.
New Global Compact signatories Dr Vincent Maphai, Chairman of BHP Billiton South Africa; Bernard Katompa, CEO of Liberty Life Africa; and Sipho Nkosi, CEO of Exxaro Resources Limited. In the background: Ian Cockerill, CEO of Gold Fields Limited and Andre Fourie, CEO of the National Business Initiative, focal point in South Africa (NBI 2008)
Chairperson of the South African Global Compact advisory committee, Chair of the Board of Deloitte South Africa and Member of the Board of the Global Compact, Ms. Futhi Mtoba welcomed the following companies to the initiative:
ABB Holdings (Pty) Ltd
Arcay Corporate Communications
BHP Billiton South Africa Limited
Deloitte South Africa
Exxaro Resources Limited
Impala Platinum Limited
Liberty Life Limited
Old Mutual South Africa
Pick n Pay
Public Investment Corporation
Rainbow Farms (Pty) Limited
Richards Bay Coal Terminal
Unilever South Africa
Futhi Mtoba (Chair or the Board of Deloitte South Africa, Chairperson of the South African Global Compact Advisory Committee and member of the international Board of the Global Compact) and Rubeena Solomon of the PIC display a board with the new South African signatories (NBI 2008).
The conference was sponsored by AngloGold Ashanti and Standard Bank.
National Busines Initiative (NBI)
+27(0)11 544 600
UN Global Compact Office
About the National Business Initiative (NBI)
The NBI is a voluntary business coalition of 140 member companies committed to shared and sustainable growth and development in South Africa. Since its inception in 1995, it has channeled business resources into a collective response to national priorities such as skills development, education, enterprise development, climate change and energy efficiency amongst others. For more information on the National Business Initiative go to: www.nbi.org.za