Alex Forbes move is racist - Manyi [So. Africa]

Author: Mzwandile Jacks, Sibongile Khumalo & Donwald Pressly, Business Report [So. Africa], Published on: 16 August 2007

...[T]he Black Management Forum (BMF) yesterday lashed out at the appointment of Bruce Campbell as executive chairman at Alexander Forbes, to "oversee" chief executive Peter Moyo, as an example of "ingrained racism"...BMF president Jimmy Manyi said Campbell's appointment was "an insult to black people in general and Peter Moyo in particular"... Attempts to get comment[s] from...Actis Consortium were unsuccessful. [Actis leads a consortium that owns Alexander Forbes; other members are Ethos, Harbourvest (both of So. Africa), Ontario Teachers Pension Plan Board, Caisse de dépôt et placement du Québec. Also refers to Barloworld]

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