Established on 21 July 1994, Kunene Bros Holdings Limited (KBH) is a black owned SME owned by five Kunene brothers who are active partners of a business that has diversified interests. KBH owns 87% of KFC and the companies in the group are Grintek Ewation (Pty) Ltd Defence, Security and Projection Systems, Coca-Cola Fortune, the second largest bottling and distribution company in South Africa, McCarthy Kunene Motors.
The company’s active ownership program is exercised through secondment contracts under which KBH executives are seconded to the Group’s subsidiaries and associates in positions of influence that comprise membership on boards of directors, operating boards, executive committees, audit committees and remuneration committees. In addition KBH secedes provide group companies with value added input on:
- Transformation and empowerment
- Capacity building
- Corporate governance
- Corporate finance
- Networking and information
- Social responsibility
- Employment equity
How KBH operates
Kunene Bros. Holdings Limited is compelling force behind the development of its investments and its solid and exact demands are placed on the boards of group companies and their capability and power to act. The difference between owner interests and executive interests are recognised and managed.
The company’s active ownership is verified through executive roles on the boards on invested companies and these comprise of Zanosi Kunene (Chairman – Coca-Cola Fortune and Coca-Cola Canners (SA) (Pty) Ltd, Zoli Kunene ( Chairman – Grintek Ewation), Dudu Kunene ( Past Chairman – Glenrand MIB and Chairman – McCarthy Kunene Motor Holdings).
As such, KBH is regarded as one of the most triumphant black owned companies in South Africa.