SA’s B-BBEE management scores are junior-level stuff
While businesses meet targets at the lower rungs, they still fail to make it big: Sanlam Gauge report on transformation
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...