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VuMaLi Empowerment Advisors

VuMaLi Empowerment Advisors is a Black women owned and managed consulting company formed in 2007 to render services in the Enterprise Development area of the Broad Based Black Economic Empowerment (BBBEE) Codes of Good Practise.

Research indicates that limited progress has been made in implementing Enterprise Development and yet this has a 15% weighting in BBBEE scorecard, equivalent to employment equity and skills development.

Enterprise Development has a potential to make an impact on the economic growth of South Africa through the development of the SME sector and yet corporates have not paid much attention to the area for various reasons.

VuMaLi identified this niche and undertakes to assist in unpacking and implementing this area of the scorecard in a manner that makes business sense for both the corporates and entrepreneurs being developed.

Vuyo Ncwaiba
Managing Member

B.Comm (Accounting)
Credit and Advanced Credit Diplomas
MBA (Corporate Strategy)

Vuyo, an accountant by profession, has extensive banking background having started her career with one of the major banks as an executive trainee gaining experience in all aspects of retail banking. She also had a stint at both business and corporate banking divisions where she looked after an extensive portfolio of Public sector clients in all spheres of government including State Owned Enterprises.

Vuyo has worked as an accountant and later financial manager for one of the country’s prominent and successful BEE Investment companies doing pure accounting and company secretariat work for the entire group. Her
entrepreneurial flair led her to be a founding and executive director of Utho Financial Services, a company focusing on pure accounting work, corporate finance as well as broad
consulting work including feasibility studies and conducting due diligences. She left banking and joined a fleet management company as a business development director responsible for the sales and marketing function.

She founded VuMaLi in 2007, offering services on the
Enterprise Development aspect of the BBBEE scorecard her first major assignment being offering services to one of the major State Owned enterprises. She also offers mentorship to
ABSA smme’s. Vuyo chaired the board of Lithemba Investments, a women empowerment company in the minerals and energy sector and served in the finance and audit committee of the board.

Vuyo gets invited to the Enterprise Development committee of the BBBEE Advisory Council of the Department of Trade and Industry to share insights on pertinent issues in the Enterprise Development arena.
Award Categories
Highest contributor Most jobs created Most innovative initiative Initiatives, most marginalised Entity with biggest improvement in contributions year on year

Percentage Enterprise Development contributions in relation to Net Profit After Tax.

Initiative that created highest number of jobs.

Most creative and “Out of the box” thought through initiative.

Initiatives focusing on:
- Youth
- Disabled
- Rural Areas
- Women

Highest increase in percentage Enterprise Development contributions in relation to Net Profit After Tax, year on year
Endorsed by

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