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Trends in Women in Business 2022

Stephen Timm | South Africa | 30 August 2022

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Report Coverage

This Trends report on women in business includes the latest available statistics on women in business including the numbers qualifying and at various levels of business, barriers to women in business and initiatives to close gaps in terms of hiring women, procuring from women-owned businesses and narrowing the salary gap. The report collates information to provide an overall picture of women in business in South Africa including trends, developments and initiatives and the outlook for women in South Africa’s business environment.

Trends in Women in Business

Women in South Africa have achieved near parity with men in parliament, politics and the judiciary, and the country was ranked 18 out of 156 countries in the World Economic Forum’s 2021 Global Gender gap Index. However, women are still significantly under-represented in business and continue to earn less than their male counterparts. Despite the growth in the number of women in leadership positions in business, women make up just over a quarter of top management in the private and public sectors and the percentage of women involved in early-stage entrepreneurial activity is less than the number of men and businesses started by men report significantly more profit. Despite many challenges, including gender-based violence, access to finance and land, the increased focus globally by shareholders on environmental, social and governance has led to growing demand for female executives and moves towards gender parity in pay and increased funding of female entrepreneurs.

Salaries

South Africa has various pieces of legislation aimed at preventing gender discrimination in the workplace, but women earn significantly less than men in the same jobs. The gender pay gap varies per sector, and is pronounced in large listed companies, while medium-cap companies have the lowest pay gaps.

Trends

A number of listed companies have set targets to increase the number of female executives, achieve gender pay parity and to invest in and support female entrepreneurs. Several have committed to paying women the same as men for doing the same work and are carrying out pay audits. Private funders and government have set up funds aimed at financing women-owned businesses.

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Trends in Women in Business 2022

Full Report

R 9 500.00(ZAR) estimated $501.00 (USD)*

Table of Contents

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PAGE
1. INTRODUCTION 2
2. OVERVIEW OF WOMEN IN BUSINESS 2
2.1. Women in the Economy 2
2.2. Business Executives 3
2.3. Entrepreneurship 11
2.4. Salaries 13
3. STATE OF PLAY OF WOMEN IN BUSINESS 14
3.1. Local 14
3.2. Trends 19
3.3. Notable Women in Business 22
3.4. Regulations 23
4. AFRICA 24
5. INTERNATIONAL 25
6. INFLUENCING FACTORS 27
6.1. Economic Environment 27
6.2. Challenges 28
6.3. Post-School Training 31
6.4. Government Incentives and Support 32
7. SWOT ANALYSIS 36
8. OUTLOOK 37
9. INDUSTRY ASSOCIATIONS 37
10. REFERENCES 38
10.1. Publications 38
10.2. Websites 39