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The JSE, Africa’s largest bourse, which has been criticised for its slow transformation in the past, is the only stock exchange from a developing country ranked above the G20 average for female representation on the boards of listed blue-chip companies.

In a report released this week, the Sustainable Stock Exchange (SSE) Initiative, a UN programme aimed at promoting corporate investment in sustainable development, said women held 28.5% of board seats in the top 100 listed companies on the JSE...

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