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Structure

Most recent developments

The initial 100% shareholder in Soma Initiative, Dr Douglas Baard concluded a broad-based Black Economic Empowerment (BBBEE) transaction with the renowned Cida Empowerment (Pty) Ltd on 30 November 2005, transferring to Cida 25.37% of the shareholding, unencumbered and with full voting rights. At the same time, one of Soma’s female executives, Jane Stone, acquired 11.19% of the company.

“Human capital risk management strategies are determined by the professional advisory team of the Soma Initiative, comprising, inter alia, industrial relations consultants, medical specialists, general practitioners, physiotherapists, occupational therapists, labour lawyers, pharmacologists and occupational health practitioners” – Dr Doug Baard, MD

Soma’s corporate structure

The Soma Initiative provides services to clients throughout South Africa from its operational bases in Cape Town and Johannesburg. Soma’s management team comprises:

Dr Douglas Baard  Managing Director
Mr David Marais Financial Manager
Ms Anita Paulse   General Manager
Ms Mandy Hutchinson   National Absentee Manager
Ms Raghmat Barends  Senior Disability Claims Assessor
Ms Fazloonah Elloker Senior Disability Claims Assessor
 

Latest News

4/30/2015 2:36:04 PM
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Managing employees - 5 Ways to Reduce the Cost of Employee Absences...
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4/30/2015 1:59:25 PM
Nearly 80% of South Africans would continue going to work despite having a cold or flu ......
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