SA companies do not have enough black middle and senior level managers in their businesses, new research shows.

In the inaugural Sanlam Gauge report published Thursday, SA businesses scored 57% in the management control section of their Broad-based Black Economic Empowerment (B-BBEE) scores.

And while ownership scores were relatively strong at 85.56%, “the target for most sectors is 25% black equity, meaning that 27 years into democracy, less than a quarter of the business sector is black-owned”, the report says...