Black ownership is up in financial services
Management control largely unchanged, listed companies 'could do better'
30 July 2023 - 07:53
Management control in the financial services sector remains largely unchanged, while black ownership has improved, according to the 2023 Sanlam Transformation Gauge.
The report, which studied the B-BBEE scorecards of 1,076 companies in the financial services sector, including banks, insurance companies and asset managers, found management control had remained flat at 61% in 2023, marking little progress since the study was launched in 2021. Ownership increased to 91%, from 81% in 2022 and 88% in 2021. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.