Sandile Mchunu sandile.mchunu@inl.co.za WHILE 65 percent of all middle managers in banking were black, surpassing the number of white middle managers for the first time in 2019, according to the 2020 Transformation in Banking Report, more needed to be done to reflect the demographics of the country, Banking Association South Africa (Basa) said yesterday.
Basa said the report – produced by independent research company Intellidex, with statistics provided by the banks – reflected the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment despite the constrained economic conditions. The percentage of board directors who were black reached 44 percent in 2019.
“These industry figures were achieved despite the difficult economic and business conditions that South African banks and companies have had to endure…
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Cape Times (Digital) - 1 Issue, 2021-04-30