The BMF espouses a value system which embraces high standards and sets tone and measure in business ethics, not only amongst black organisation, but South African society in general
Through its value system, its disciplines and perseverance towards a just cause, the leadership of the BMF has made a meaningful contribution to the stability of the country and the progress made on socio-economic development.
The organisation builds confidence and capacity amongst black managers by providing a support structure that facilitates their integration into a business environment which is often hostile and unsupportive.
Some of the notable BMF achievements include the following:-
- Its leadership in the area of Affirmative Action through our "Affirmative Action Blueprint" of 1993 has also assisted many companies in the formulation of Human Resource Policies which advances the process of employment equity.
- The BMF staff members were, at different times, appointed to the Department of Labour as Directors for Employment Equity.
- The BMF played a key role in Nedlac (notwithstanding the fact that it was not a member of this body) in the negotiation and formulation of Affirmative Action positions, which are incorporated in the Employment Equity Act.
- The BMF through its resolution in 1997 originated the Black Economic Empowerment Commission (BEECOM) which was then headed by Cyril Ramaphosa under the auspices of the organised formation, the Black business Council (BBC).
During volatile and difficult times, the BMF, as a highly motivated organisation, has maintained a balanced support structure to assist our members through their challenging times. The BMF has facilitated many developmental programmes locally and internationally for black managers, thus contributing to the development of managerial competence.
A high calibre pool of leading black managers has kept the BMF on the cutting edge of managerial leadership and transformation in South Africa. Many of today's leaders in Government, business and civil society continue to have close links with the BMF. A large number of these leaders are still actively involved with the organisation.
A network of highly skilled and dedicated BMF members continually provides input to Government, Business, Trade Unions and Civil society. Further, the organisation pro-actively plays a leading role at all levels on policy formulation, strategic planning and other key issues facing the country.
The BMF is committed – in line with one of our key principles – to working for business unity and non-racialism. To this effect we participated in the formation of BUSA.
The BMF is committed to achieving its objectives by:
- Ensuring appropriate processes in recruitment, selection and promotion within organisations
- Upholding and enhancing the highest professional standards and principles in business and management leadership
- Assuming the role of an effective voice for the needs, aspirations and views of its members
- Facilitating the provision of career guidance services and facilities to members, especially students
- Promoting and maintaining working relationships with the organisations and interest groups that pursue similar objectives to the BMF
- Being an effective platform for the exchange of information , views and experiences through a dynamic forum
- Facilitating the process of transformation of organisations
- Promoting an awareness of the importance of managerial and leadership skills to the advancement of meaningful economic participation and empowerment
- Monitoring and reporting on the performance of organisations in the key areas of transformation