Investors are dragging their feet over gender transformation
In 2019 only 2% of all global venture capital investments was allocated to female-founded or cofounded businesses
Regarding making good business decisions, representation matters. Always. The acknowledgment of this truth is what has led to the wide-ranging racial transformation of businesses across SA over the past 20 years, albeit with significant regulatory and investor prompting in terms of equitable-ownership and BEE commitment.
But in its concerted drive to secure racial equality, SA and Africa as a whole appear to have overlooked another aspect of representation that is just as important — gender. It is a concerning, and somewhat confusing, truth that while significant efforts have been made by many organisations to achieve appropriate levels of female representation and ownership, the will to do so simply does not seem to be nearly as strong as has been the case with racial equality...
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