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Is transformation in South Africa a case of adapt or die?

[Johannesburg, 11 September 2014] - With 20 years of democracy behind us, business transformation is still a burning boardroom topic in South Africa. In fact, more than ever before, non-compliance touches the bottom line of many companies as business opportunities among large corporates and government institutions are rapidly diminishing for those that do not comply.

For some companies it has been a matter of adapt or die, but some others evaluated the requirements and embraced and pursued the opportunities locked up within transformation. Physical asset management company Pragma saw transformation as a strategic imperative and not a compliance nuisance.

Pragma, like most emergent enterprises in South Africa, was faced with the challenge of balancing market entrenchment with growth and compliance challenges. Pragma's founders battled finding suitable empowerment partners and in the end Managing Director Attie Nieuwoudt initiated a completely different approach to compliance. Instead of focusing on employment equity as a compliance nuisance, he viewed transformation as a strategic imperative. This approach took Pragma from a Level 5 BBBEE company to a Level 2 BBBEE.
[Full Story.]

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Editorial highlights
Is transformation in South Africa a case of adapt or die?

Last updated: 11 September 2014