The fact that broking group Glenrand MIB shot up the empowerment list last year will take the sting out of what has been an otherwise miserable year operationally. But the real story is how Glenrand improved so rapidly, considering that it came in 14th last year with a score of only 68%. It established BEE equity partnerships some time ago. Kunene Brothers bought into the group in 2000. This was complemented by the entry of Ayavuna Women's Investments and Matemeku Investments in 2006. It also concluded an employee ownership scheme. This gives it about 29% black economic interest and voting rights. Four of its 12 board members are black. Of its 10-member executive committee, six are white males.
