‘Not all men are successful’

As the world marked international women’s day, Sinayo Securities also celebrated its success as the only JSE listed company that had been black-owned and women-led at its inception.

The equity sales and trading company was trading as the only 90% black and women-owned company on the JSE, until last year when Billionaire Patrice Motsepe’s investment vehicle-African Rainbow Capital bought a 49% stake in the firm, now making it 51% women owned.

“At Sinayo Securities, our focus is to highlight women in the financial services [sector] and we want them to participate meaningfully,” Babalwa Ngonyama chief executive at Sinayo told the Mail & Guardian.

“We are quite clear that not all men are successful … what that tells you is that leaders have certain characteristics and it can either be a woman or a man, as long as you can show those characteristics, the world will embrace you,” she added.

Speaking at the “How markets have moved minds in 100 years” event hosted by Sinayo in Braamfontein on Tuesday, Motsepe said Sinayo provided a world-class service.

“There is exceptional talent in the black community and Babalwa is an example of a world-class service competing with the best in the world,” said Motsepe.

Motsepe’s move to invest in the equity and trading company last year was aimed at bolstering growth in black professionals in the securities sector.

“When I look at the top ten traders … the list is not static, what was number one in 2017 was not number one in 2015, there were players and they moved,” said Ngonyama, responding to how the company has strived to be the first and only of its kind.

Highlighting Sinayo’s success in its mentoring and coaching programme, Project Funda, where the company recruits 60 university graduates yearly, mostly female in the finance space and equips them with the necessary workplace skills.

“Project Funda focuses on fast-tracking the development of graduates, helping them to transition in the workplace, such that they do not just come in and learn slow but they participate meaningfully.”

“We want them to sit in boardrooms and be respected,” she added.

Ngonyama said that South Africa had an advantage of demographics as the majority of the population young. Youth has mobility and can redefine competitiveness, encouraging the government to invest more in digital transformation and support entrepreneurs in the space, said Babalwa.

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever. But it comes at a cost. Advertisers are cancelling campaigns, and our live events have come to an abrupt halt. Our income has been slashed.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years. We’ve survived thanks to the support of our readers, we will need you to help us get through this.

To help us ensure another 35 future years of fiercely independent journalism, please subscribe.

Thulebona Mhlanga
Guest Author

Inside Facebook’s big bet on Africa

New undersea cables will massively increase bandwidth to the continent

No back to school for teachers just yet

Last week the basic education minister was adamant that teachers will return to school on May 25, but some provinces say not all Covid-19 measures are in place to prevent its spread

Engineering slips out of gear at varsity

Walter Sisulu University wants to reprioritise R178-million that it stands to give back to treasury after failing to spend it

Lockdown relief scheme payouts to employees tops R14-billion

Now employers and employees can apply to the Unemployment Insurance Fund for relief scheme payments

Press Releases

Covid-19: Eased lockdown and rule of law Webinar

If you are arrested and fined in lockdown, you do get a criminal record if you pay the admission of guilt fine

Covid-19 and Frontline Workers

Who is caring for the healthcare workers? 'Working together is how we are going to get through this. It’s not just a marathon, it’s a relay'.

PPS webinar Part 2: Small business, big risk

The risks that businesses face and how they can be dealt with are something all business owners should be well acquainted with

Call for applications for the position of GCRO executive director

The Gauteng City-Region Observatory is seeking to appoint a high-calibre researcher and manager to be the executive director and to lead it

DriveRisk stays safe with high-tech thermal camera solution

Itec Evolve installed the screening device within a few days to help the driver behaviour company become compliant with health and safety regulations

Senwes launches Agri Value Chain Food Umbrella

South African farmers can now help to feed the needy by donating part of their bumper maize crop to delivery number 418668

Ethics and internal financial controls add value to the public sector

National treasury is rolling out accounting technician training programmes to upskill those who work in its finance units in public sector accounting principles

Lessons from South Korea for Africa’s development

'Leaders can push people through, through their vision and inspiration, based on their exemplary actions'

The best local and international journalism

handpicked and in your inbox every weekday