It’s the quintessential South African story. Almost three decades into our democracy, SA businesses continue to battle with the concept of transformation. The latest in the spotlight is DisChem. 

In a leaked memo the company’s CEO Ivan Saltzman put a moratorium on the hiring and promotion of white employees and managers. This, he suggested, was for the company to reach its equity targets, as required by law, and to avoid penalties which he said could cripple the business.  ..