the third way- the tranter story employee ownership conference joshua c. ngoma 25 july 2012
TRANSCRIPT
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THE THIRD WAY- THE TRANTER STORYEMPLOYEE OWNERSHIP CONFERENCE
Joshua C. Ngoma 25 July 2012
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TRANTER HOLDINGS CHAMPIONS
Sipho NkosiCEOExxaro
Mxolisi MgojoExecutive GM-CoalExxaro
Humphrey MatheCEOTranter Resources
Joshua NgomaGroup CEOTranter
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PRINCIPAL AREAS OF ACTIVITY
MINERAL RESOURCES MINING SERVICES
2007
KISMET
Investment in
2005
Investment in
2007 2008 2008
Rock Drills
2009
2008
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TRD GLOBAL MARKET
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TEMS:TRANTER ROCK DRILLS (PTY) LTD OWNERSHIP STRUCTURE (2009)
Rock Drills
Exipa Investments
10%
100%
90%
Tranter Management Investments (“TMI”)
EMPLOYEE TRUST
Broad-Based Beneficiaries
• TEMS Management
• TEMS general employees
15%20%65%
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WHAT OUR PEOPLE SAY ABOUT CO-OWNERSHIP
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DO TRANTER PEOPLE NOW UNDERSTAND WHAT CO-OWNERSHIP MEANS?
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HOW HAS CO-OWNERSHIP CHANGED PEOPLE’S LOYALTY AND ATTITUDES?
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WHAT DO THEY THINK ABOUT THEIR FUTURE WITH THE COMPANY?
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SHAKING SHACKLES OF APARTHEID
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Gekko was wrong
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BUSINESS LEADERS
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REGIONAL ECONOMIC DEVELOPMENT
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“We sometimes feel that what we do is just a drop in the ocean, but the ocean would be less because of that missing drop”.
Mother Teresa20th Century Catholic Nun
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“It worries me that our world is becoming a global village only for exchange of goods and information- not a place of shelter, livelihood, security and dignity for all who live in it”.
Nelson MandelaGreatest elder Statesman
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“I shall pass through this world but once. If, therefore, there is any good thing I can do or any kindness I can show, let me do it now. Let me not differ it or neglect it, for I shall not pass this way again”.
Etienne de Grellet19th Century Quaker
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A leadership whose defining features are honesty, humility, integrity, compassion, and humanity,
A leadership that stands for the truth and affirmation of the good, and whose primary pursuit is noble causes and the common good,
A leadership that demonstrates competence, tenacity, and a sense of efficacy, A leadership that does not shy away from the difficult nor the unpopular
decisions or measures, A leadership that practices introspection and self-renewal, A leadership that lives by the tenets of consultation, persuasion,
accommodation, and cohabitation and shuns coercion and domination, A leadership that generates trust, goodwill and confidence, A leadership that understands that the success of others does not diminish
one’s own success but adds to the commonwealth, A leadership that bridges the schisms and cleavages wrought by religious,
racial, tribal, social, ideological, economic and political diversity that characterises much of our society,
A leadership that understands the difference between cause and effect, A leadership for whom the means are as important as the ends, and A leadership that is visionary.
HOWEVER, TO SUCCEED AS A COUNTRY, AS WELL AS A CONTINENT WE NEED TO DEVELOP AND HAVE: