Old Mutual, a financial services company, is embracing ESOPs and LTIPs to align the interests of its workforce with its shareholders. The company participated in a public swap of shares and believes that ESOPs and LTIPs are strategic financial instruments that promote collective pursuit of excellence. This move demonstrates the company’s innovative vision for the future and diverges from financial practices in other countries. Old Mutual’s adoption of these tools is uniting business practices and governance tools, driving the company towards unparalleled success.
Assuming the role of Eskom CEO in January 2020, André de Ruyter soon discovered why it was considered the most challenging job in South Africa. In his newly published book, “Truth to Power: My Three Years Inside Eskom” by Random House Publishers, the former CEO takes readers on a journey through boardrooms and government meetings, unveiling the inner dynamics of the stateowned enterprise.
District Development Model: A Crucial Tool for Community Development and Intergovernmental Relations
The District Development Model (DDM) has become an essential tool for promoting effective intergovernmental relations and community development in South Africa. The InterMinisterial Task Team (IMTT) for the Presidential Imbizo, led by Minister Thembi Nkadimeng, has emphasized the critical role of the DDM in fostering collaborative planning, budgeting, implementation, and integrated monitoring among government, business, and civil society.