CEDT founder Duma Gqubule has spent the past two decades as a financial journalist, analyst, advisor and consultant on issues of economic development and transformation. He was educated at Lovedale in the Eastern Cape, South Africa, Waterford Kamhlaba in Swaziland and Aberdeen University in Scotland where he studied economics. He first worked as a financial journalist for most of the country’s leading publications, including Business Day, Business Report, Financial Mail and Finance Week. His work also featured in international publications including Fortune Magazine, the Institutional Investor and Africa Today.
As a financial journalist, he wrote extensively about economic policy and the pioneering black companies such as New Africa Investments Limited and Real Africa Investments Limited during the mid-1990s. His work was recognised and he later worked for the BEE Commission, chaired by Cyril Ramaphosa, South Africa’s current deputy president. He was co-author of the commission’s landmark report, which was presented to former president Thabo Mbeki in 2001, after consultations with stakeholders over a period of 18 months. The historic report paved the way for the country’s current BEE laws and policies.
He was also involved in landmark national and enterprise economic transformation initiatives and worked for numerous organisations in the public and private sector. These include the Department of Transport (senior policy advisor), the City of Johannesburg, Business Unity South Africa, the South African Mining Development Association and many large private companies. He was appointed by the Department of Trade & Industry to serve on a panel to evaluate the impact of the global financial crisis of 2008 to 2009 on BEE transactions.
He was part of a panel that advised Ebrahim Patel, the minister of Economic Development, on the Walmart investment in Massmart. He served as a member of the Congress of South African Trade Unions (COSATU) Panel of Progressive Economists and a board member of Naledi, the COSATU think-tank. He was also editor of the book: “Making Mistakes, Righting Wrongs: Insights into Black Economic Empowerment,” which reviewed the country’s economic development and transformation policies during the first decade of democracy.
“The difficulty lies not so much in developing new ideas as in escaping from old ones.” - John Maynard Keynes
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