Only seven of the JSE’s top 100 companies are run by women CEOs, a new survey shows, highlighting the glaring gender imbalance that continues to overshadow SA’s corporate sector despite efforts to ensure greater diversity at the top.
PwC’s research suggested that SA’s skills shortage and the bidding war for talent is contributing to the dearth of women executives, who tend to stay in their posts for shorter stretches, with female executives spending one to five years in their roles compared with the three to eight years typical of their male counterparts. But PwC’s experts said companies needed to make more effort to ensure appropriate succession planning.
“We are all familiar with the setbacks Covid-19 posed to the equality agenda, but the world is normalising to a point where it is no longer appropriate to look for reasons why inequality persists,” said Leila Ebrahimi, co-lead at PwC SA people and organisation reward. Black African CEOs running top-100 companies listed on the JSE were just 14%, with Indians making up 7% and coloureds only 1%, while white CEOs make up 78%, the report indicated.
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