Blogs

WOWEB introduces a BEE peer analysis and a company transparency rating

An additional folder labelled ‘BEE’ has been added to the Companies’ file. Here you will find the selected company’s current and historical BEE certificates as well as a BEE peer analysis. The analysis is presented as an infographic comparing each of the company’s five BEE scorecard component scores against those of its peers.

JSE-listed directors still mainly pale males — majorities grossly under-represented

Analysis of data by the independent research organisation Who Owns Whom reveals that active JSE-listed companies’ boards have directors who, on average, are relatively younger and who are serving in their current positions for a shorter time than their overseas counterparts. These directorships remain dominated by white men. Long-term structural reform needed Directorships held by women only account for 17% of all board-level appointments across all JSE-listed companies. By comparison, 20% and 25% of directors of widely-held companies in the United Kingdom and the Netherlands respectively are women. South Africa’s economy will need to undergo further long-term structural reform if our society wants to resemble its European counterparts. It is particularly important to consider in further detail the degree to which JSE-listed company directorships are held by black South African women. Research carried out by Citadel and Empowerdex for their 2012 Trailblazers Report tracked the number of directorships held by black individuals from 2006 to 2012. A comparison of this data with Who Owns Whom’s recent study reveals that black women directorships have increased by 238% over the past 10 years. However, this rate of increase has slowed to 20% over the past five years. Who Owns Whom was not able to ascertain whether Trailblazers included directorships of suspended companies in their reporting, so it was decided to exclude these in the current data to provide the most conservative figures. According to the 2010 Trailblazers report, 181 black men and women held at least two directorships at that time. Today, that figure has only increased to 186. This implies that the pool of appointed black directors has remained stable and that appointments are not increasingly allocated to a select few. Ostensibly, the Trailblazers study did not distinguish between South Africans and foreign nationals. Current data shows that South African women now hold 15% of the total number of directorships, with black South African women specifically holding 11% of the total number. Considering that one person can theoretically hold more than one directorship, the absolute number of black female executive directors has changed as follows: from 11 (in 2006) to 25 (in 2011) and to 26 today. In accordance with the findings of a Business Unity South Africa survey released in 2010, black individuals, particularly women, continue to be grossly under-represented across all types of board appointments on JSE-listed companies. The magnitude of this is an unequivocal and blatantly obvious rationale for the effective implementation and enforcement of employment equity and broad-based black employment equity (B-BBEE) legislation. Self-sustaining transformation requires more women rising successfully through middle management to ensure that they are strong candidates to take up board and C-level positions. If more women are to lead, it must be ensured that they are mentored, up-skilled and experienced enough to earn and succeed in their positions. The South African Institute of Chartered Accountants (Saica) noted in a 2014 study that 8% of all JSE-listed directorships were held by black women, 5% by white women, whereas 17% and 70% were held by black men and white men respectively. If one accepts the results found by the institute to be accurate (doing racial profiling on people is a dirty job),

Health sector continues to grapple with a crippling shortage of skilled staff

The healthcare sector is confronted by numerous challenges, including what is termed the Quadruple Burden of Disease: infectious diseases, notably HIV and Tuberculosis; maternal and child mortality; non-communicable diseases such as diabetes, cancer and hypertension; and violence, injuries and trauma.

Switch over to WOWEB and further new features

As from Monday 1 August 2016, Who Owns Whom clients will automatically be redirected to the new subscriber platform, WOWEB