In today’s climate of rapid change and increasingly high expectations, effective leadership is needed more than ever. But the question is what type of leadership? It is clear that change on such a massive scale will demand new leadership practices but the precise forms of leadership required to grapple with the complexities and challenges of technological advancement and globalisation remain unclear. The increasing integration of world economies through trade and financial transactions has created emerging market economies that are more integrated and interdependent (Zhao, 2007). Economic globalisation has outpaced the globalisation of politics and mindsets (Stiglitz, 2006:25). The traditional economic boundaries between countries are rapidly becoming less and less relevant. The global economy is booming.