AbstractThe transference of knowledge and the creation of a knowledge vault within operations of the Business sector is the cornerstone to the success of this dynamic contributor to the economy, not only as a skills developer, but also as a collective group of experts that unknowingly build a community of expertise that transfer knowledge amongst themselves within an organization. Leadership that share their knowledge, whether tacit or implied, leads to the development and knowledge growth from members to those who are exposed to the intricacies of decision making and business practices.

This leads then to the skills development and retention of the participants who feel nurtured and fulfilled in the employment within the organization and view themselves as valued members. There is a correlation between knowledge sharing and the desire for job security that leads to the feeling of being nurtured and finding the employment positive and enjoyable.

The transference of knowledge allows the receiver of the knowledge to develop to where the point of the receiver becoming an expert in their chosen field is attained and the collective of the mangers are developed to the level of a community of experts in their various fields. However, the academic qualifications of leadership are low, the significance of this highlights the level of networking amongst themselves as paramount to the success of this multi- billion-rand economy.

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