If numbers mean anything, then there has been a reversal of past gains made in the transformation of the decision-making level of the corporate world.
The 2015 Jack Hammer Executive Report has revealed a decline in the number of black South African CEOs.
Produced by independent research firm, Merchentec, the report indicates a black CEOs decline of 5% in three years – from 15% in 2012 to 10% at the time of this year’s research. In addition, out of a total of 334 people constituting the executive teams in SA’s Top 40 companies, 21% were black South Africans.
In a review, the report is not very optimistic about progress of black executives. It predicts that only 10% of the number of black South African might rise to the top.
Analysing the figures, Debbie Goodman-Bhyat, Head of the executive search firm, Jack Hammer, expressed dismay at the results. “This year’s research has allowed us a gaze into the transformation crystal ball, and what we saw was not very encouraging.”
