Fortune 500 list of the largest US companies by revenue was released this month. It reveals that over the years, the leadership at top American enterprises has gotten more diverse, but there’s still plenty of room for improvement.
“The overall view of this JSE analysis paints a stark picture of the inequality in representation in companies listed on the stock exchange,” the report says. The World Economic Forum’s Global Gender Gap Report provides results based on its Global Gap Index, which ranks 149 countries on the gap between women and men on health, education, economic and political indicators.
Meanwhile, female CEOs remain a rarity, and women continue to hit their heads against the glass ceilings.
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Business Maverick: A R1.2bn pot of toxic soup at EOHEight people. That’s all. Eight people out of EOH’s staff of 11,500 put the entire organisation at risk through a systematic process of fraud, corruption and bribery that saw R1.2bn of irregular payments flow out of the company between 2014 and 2017. The company believes it has stemmed the rot.
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Business Maverick: Reserve Bank is likely to cut rates, but how low can it go?The SA Reserve Bank is widely expected to cut rates this week, with most economists expecting a 25 basis point cut. With a stagnant economy, there should be a lot more room for monetary loosening, but there probably isn’t, given the economy’s structural challenges.
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Business Maverick: Investors Gorge on African Bonds, But They’re Dodging Its StocksAfrican local bonds are on a tear as investors flock to riskier assets. But the continent’s stocks are missing out, despite being much cheaper than their emerging-market peers.
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Business Maverick: Netflix Stock Plunges as Customers Fall on Price HikeNetflix Inc. shocked investors by reporting a drop in U.S. customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.
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Business Maverick: Thursday, June 18: Five Things You Need to Know to Start Your DayAsian stocks are poised for a downer amid mixed U.S. corporate earnings and lingering trade tension. A China investor who’s beaten almost all of his peers is betting big on Kong Kong. And Iran says it could shut the Strait of Hormuz if it wants to. Here are some of the things people in markets are talking about today.
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Business Maverick: G7 finance chiefs pour cold water on Facebook’s digital coin plansGroup of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.
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