Deputy President Paul Mashatile delivered the keynote address to the annual Black Business Council dinner on Friday, highlighting the success of black economic empowerment initiatives but lamenting the ongoing lower participation of women in the economy.
In this regard, we are deeply concerned that only a small percentage of board members in JSE-listed companies are female, while a significant proportion of JSE-listed companies have no female board representation at all! It is equally concerning that women are experiencing higher levels of unemployment, while those who are employed generally earn 19 to 37 percent less than their male counterparts.
"Black-owned companies have made significant advances in various industries, including manufacturing, services, and technology. Black business is also claiming an increasing share of contribution to GDP growth, a trend we must accelerate. ..Nevertheless, there is still more work to be done. In order to see positive results from this policy, its execution must be strengthened and streamlined. We must work together as social partners to ensure its success.
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