The Royal Authority for Commerce and Charters (RACC) will officially launch on 20 April 2026 at Regenesys Business School in Sandton, in a landmark initiative hosted by the Chartered Institute for Business Accountants (CIBA) and the Royal Leaders of South Africa (ROLESA).
South Africa stands at a pivotal moment in redefining the role of traditional leadership in a modern economy. While kings, chiefs, and headmen are recognized as custodians of culture, land, and community governance, there is still no structured framework that fully integrates traditional authority into the mainstream economy.
Traditional leaders serve millions of South Africans, particularly in rural communities, yet often operate with limited institutional support. They resolve disputes, manage communal land, and act as a vital bridge between government and communities. However, many lack access to the governance systems, financial tools, and partnerships needed to drive sustainable development.
RACC is South Africa’s first formal platform designed to connect traditional leadership with the economy through governance, accountability, and cultural alignment.
Speaking ahead of the launch, Kgosi Selabe Masibi said:
“For too long, traditional leadership has been recognized culturally but excluded economically. RACC is about restoring dignity, structure, and participation, ensuring these institutions are empowered to lead development in their own communities.”
The platform is built on three strategic pillars:
- Cultural Signature and Verification
RACC introduces a Cultural Stamp of Approval, enabling companies to demonstrate verified alignment with traditional values and recognized leadership structures. This independent certification ensures credibility and meaningful cultural engagement. - Community Funding Platform
RACC aims to mobilize national support for development initiatives in traditional communities. Key focus areas include preparing royal-led projects for funding through proper governance, supporting land rights advocacy, and amplifying rural voices. - Governance and Accountability Infrastructure
Through CIBA’s professional network, RACC will connect traditional councils with qualified accountants to develop governance frameworks, prepare financial reports, and structure projects to meet funding requirements.
According to Nicholas van Wyk, CEO of CIBA:
“South Africa cannot unlock inclusive economic growth while a significant portion of its population remains disconnected from the formal economy. RACC provides the governance backbone needed for traditional institutions to access capital and participate meaningfully in economic growth.”
He added that approximately 18 million South Africans live under traditional leadership structures, many of which lack basic resources and post-settlement economic support.
