Debbie Goodman-Bhyat\u201a CEO of the executive recruitment company\u201a \u201cthe big picture suggests that executive transformation is set to remain peripheral for the next five to 10 years\u201d.<\/p>\n
The report\u00a0also showed that\u201a out of a total of 334 people constituting the executive teams in SA\u2019s Top 40 companies\u201a 21% were black South Africans.<\/p>\n
BusinessTech found that of 537 directors on South Africa’s top 40 listed company boards, 72% (386) are white.<\/p>\n
That means less than a third (28% – or 151) of all directorate positions are held by non-white executives – and of the total, even fewer are held by women, only 18% (95).<\/p>\n
On average, companies have boards of 13 members – nine white and four non-white. On average, two board members will be women.<\/p>\n
All data on company directorates were sourced from their respective websites and latest integrated reports, and includes both executive and non-executive directors. Company secretaries were not included.<\/p>\n
It’s worth noting that the four companies led by non-white CEOs are not necessarily the most diverse companies, overall.<\/p>\n MTN (Sifiso Dabengwa), FirstRand (Sizwe Nxasana), Vodacom (Shameel Joosub) and Tiger Brands (Peter Matlare) are all headed up by a non-white executive, however only MTN has more than half its board represented by non-white directors – only three board members are women (21.4%).<\/p>\n Of the Top 40 companies, six stand out for having more than half of their directorates represented by non-white executives (expressed as a % of the total board).<\/p>\n Of these companies, however, only one hits a high note with female representation – Aspen – with 30% of its board of 10 being filled by women.<\/p>\n The company with the highest female representation is Old Mutual, which has four women on its board of 13 (38.5%), followed by Netcare, which has three women, on its board of 9 (33.3%).<\/p>\n Bidvest shares the top with Old Mutual with the highest number of women on its board – five – though in a group of 17, it’s only the fourth highest in the top 40, at 29.4%.<\/p>\n Companies which lag in diversity at the director level are often large multi-nationals. Notably, luxury goods company Richemont, which is chaired by South African billionaire Johann Rupert, has a directorate of 18 people – all of which are white.<\/p>\n The only woman on the board is Absa CEO, Maria Ramos, who represents the totality of diversity on the board.<\/p>\n Other companies which have zero non-whites in charge are British American Tobacco and Glencore.<\/p>\n Companies which have no female representation on their boards are Remgro (another company chaired by Rupert), Brait and PSG.<\/p>\n Why it\u2019s hard to be black in South Africa<\/a><\/strong><\/p>\n Black middle class on the rise in South Africa<\/a><\/strong><\/p>\n White vs black unemployment in South Africa<\/a><\/strong><\/p>\n![\"Diversity](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2015\/10\/Diversity-JSE.png\")
<\/a><\/p>\nMost and least diverse companies<\/h3>\n
These are the top JSE Top 40 companies for\u00a0racial diversity<\/h3>\n
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\n Company<\/th>\n Total board members<\/th>\n Non-white board members<\/th>\n %<\/th>\n<\/tr>\n \n MTN<\/td>\n 14<\/td>\n 9<\/td>\n 64.3%<\/span><\/strong><\/td>\n<\/tr>\n \n Nedbank<\/td>\n 16<\/td>\n 10<\/td>\n 62.5%<\/span><\/strong><\/td>\n<\/tr>\n \n Sasol<\/td>\n 13<\/td>\n 7<\/td>\n 53.8%<\/span><\/strong><\/td>\n<\/tr>\n \n Sanlam<\/td>\n 16<\/td>\n 8<\/td>\n 50.0%<\/span><\/strong><\/td>\n<\/tr>\n \n Aspen<\/td>\n 10<\/td>\n 5<\/td>\n 50.0%<\/span><\/strong><\/td>\n<\/tr>\n \n Tiger Brands<\/td>\n 12<\/td>\n 6<\/td>\n 50.0%<\/span><\/strong><\/td>\n<\/tr>\n \n Standard Bank<\/td>\n 15<\/td>\n 7<\/td>\n 46.7%<\/td>\n<\/tr>\n \n Barclays Africa<\/td>\n 13<\/td>\n 6<\/td>\n 46.2%<\/td>\n<\/tr>\n \n Vodacom<\/td>\n 12<\/td>\n 5<\/td>\n 41.7%<\/td>\n<\/tr>\n \n Bidvest<\/td>\n 17<\/td>\n 7<\/td>\n 41.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n These are the top 10 JSE Top 40 companies for\u00a0gender diversity<\/h3>\n
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\n Company<\/th>\n Total board Members<\/th>\n Female board members<\/th>\n %<\/th>\n<\/tr>\n \n Old Mutual<\/td>\n 13<\/td>\n 5<\/td>\n 38.5%<\/td>\n<\/tr>\n \n Netcare<\/td>\n 9<\/td>\n 3<\/td>\n 33.3%<\/td>\n<\/tr>\n \n Aspen<\/td>\n 10<\/td>\n 3<\/td>\n 30.0%<\/td>\n<\/tr>\n \n Bidvest<\/td>\n 17<\/td>\n 5<\/td>\n 29.4%<\/td>\n<\/tr>\n \n Mondi<\/td>\n 11<\/td>\n 3<\/td>\n 27.3%<\/td>\n<\/tr>\n \n Woolworths<\/td>\n 15<\/td>\n 4<\/td>\n 26.7%<\/td>\n<\/tr>\n \n Tiger Brands<\/td>\n 12<\/td>\n 3<\/td>\n 25.0%<\/td>\n<\/tr>\n \n Vodacom<\/td>\n 12<\/td>\n 3<\/td>\n 25.0%<\/td>\n<\/tr>\n \n Billiton<\/td>\n 12<\/td>\n 3<\/td>\n 25.0%<\/td>\n<\/tr>\n \n BAT<\/td>\n 12<\/td>\n 3<\/td>\n 25.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n More on transformation<\/h3>\n