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Post-School Education and Training (PSET)

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Women in management in the financial services sector in South Africa: A review of the literature

Date posted:

2022/11/01

Publication year:

2009

Corporate author/s:

Research Focus (Pty) Ltd; Fasset

Output-type:

research report

Format:

pdf

The need to correct racial and gender imbalances and to increase the labour participation of all population groups in the South African economy is widely accepted. Despite legislation and other measures to eradicate inequalities, the 2007 employment survey of the Financial and Accounting Services Sector (Fasset's Sector) showed an unequal distribution of women across the occupational groups in the sector. This report for Fasset, which is based on both an in-depth analysis of women in positions at managerial level in the sector and desktop research on the experiences of women in management, is set against this background. An area of consideration for this report is the representation of black women in critical leadership positions in the sector. The South African Business Women's Association's Women in Corporate Leadership Census 2007 shows that only eight South African companies in the financial sector were included in the list of 51 companies with 25% or more board seats occupied by women in 2006. The company with the highest proportion of board seats occupied by women, Mutual and Federal Insurance Company Limited (30.77%), ranks only 24th on the list.

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