JSE-listed companies ignoring transformation - BMF

The Black Management Forum (BMF) has raised concerns regarding what it calls a transformation agenda that is in "reverse gear".

In an interview with 702's John Robbie, BMF president Mncane Mthunzi said that JSE-listed companies should disclose their performance on race-based metrics and prioritise increased black representation.

The state of play as far as transformation is concerned is that we are in reverse gear.

Mncane Mthunzi, Black Management Forum

Research has revealed declining representation of black executives in South Africa's top 40 JSE-listed companies since 2012. Out of 334 executives, only 70 of them are black.

Listen to the interview below:

There's a reluctance from companies in general to comply with the laws, especially as far as employment equity is concerned.

Mncane Mthunzi, Black Management Forum

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