Kunene Bros Holdings (KBH)
"Empowerment through active ownership"
Kunene Bros. Holdings (Proprietary) Limited (KBH) was incorporated
on 21 July 1994 as an "active ownership" business with diversified
interests. All five brothers have joined the full time employment of
the company as active owners enabling KBH to provide a range of well
defined services to group companies.
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Keith Kunene
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On 28 August 1994 Kunene Finance Company (KFC) was established for
the purpose of raising medium to long term finance to fund the Group's
investment program. KBH owns 87% of KFC.
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Dudu Kunene
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KFC is a diversified holding company and currently has four major areas
of investment interests
- Coca-Cola Bottling and Distribution
- Defence, Security and Projection Systems
- Financial Services
- Motor Dealerships
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The companies in the group are:
- Grintek Ewation (Pty) Ltd Defence, Security and Projection Systems.
- Coca-Cola Fortune, the second largest bottling and distribution
company in South Africa
- Glenrand MIB (listed specialist financial services company)
- McCarthy Kunene Motors ( authorised dealer for Daimler Chrysler
)
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Zanosi Kunene
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KBH's active ownership program is exercised through secondment contracts
under which KBH executives are seconded to the Group's subsidiaries
and associates in positions of influence which include membership on
boards of directors, operating boards, executive committees, audit committees
and remuneration committees. In addition KBH secondees provide group
companies with value added input on:
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Zoli Kunene
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- Transformation and empowerment
- Capacity building
- Communication
- Corporate governance
- Corporate finance
- Networking and information
- Social responsibility
- Employment equity
- KBH to be the driving force behind the development of its investments.
- Concrete and specific demands are placed on the boards of group
companies and their competence and power to act
- The difference between owner interests and executive interests are
recognised and managed
- To be comfortable with the business plans and the time frame for
execution thereof
- To promote constructive dialogue between owners/board members/executive
management
- To measure performance and growth of the value of underlying investments
- Recognition of the boards most important task as being the appointment
and retention of the best executive leadership through the application
of well functioning principles of corporate governance and analysis
together with the ability to force through decisions which focus on
long- term value creation
|
Menzi Kunene
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KBH's active ownership is demonstrated through executive
roles on the boards on investee companies e.g. Zanosi Kunene (
Chairman - Coca-Cola Fortune and Coca-Cola Canners (SA) (Pty) Ltd, Zoli Kunene ( Chairman - Grintek Ewation),
Dudu Kunene ( Chairman - Glenrand MIB and Chairman - McCarthy
Kunene Motor Holdings).
Through its unique active ownership model, KBH is recognised as one
of the most successful black empowerment companies in South Africa.
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