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BusinessLive reports that only seven of the JSE’s top 100 companies are run by women CEOs, which highlights the glaring gender imbalance that continues to overshadow SA’s corporate sector despite efforts to ensure greater diversity at the top.
Financial services firm PwC’s annual survey of listed company executive directors was released on Tuesday. It showed that though the representation of women in CEO and CFO posts had improved, women still occupied just 19% of top finance posts in June, up from 17% in 2021. Across the JSE, female CEOs constituted just 8%, up from 5% a year earlier, while CFOs sat at 22% from 17%. Among all the locally listed entities, the female representation at executive level stood at 15%, moving up slightly from 13%. The PwC survey found that there were only 53 women among the 208 new executive appointments across the JSE between January 2020 and June 2022. PwC’s research suggested that SA’s skills shortage and the bidding war for talent was contributing to the dearth of women executives, who tended to stay in their posts for shorter stretches. Female executives spent one to five years in their roles compared with the three to eight years typical of their male counterparts. But PwC said companies needed to make more effort to ensure appropriate succession planning. PwC’s Makhosazana Mabaso said employers should also ensure that conscious steps were taken to afford women, particularly those identified as future successors, with the opportunities to grow within their roles and areas of expertise.
- Read the full original of the report in the above regard by Andries Mahlangu at BusinessLive
- Read too, South Africa still making minimal progress in addressing gender gaps, at Engineering News
Get other news reports at the SA Labour News home page