This week, the PwC executive directors practices and remuneration trends report for South Africa 2019 was released. The report showed that women are still paid less than men in every industry in South Africa.
According to IOL News, the report found that men hold more executive positions in companies, showing that only 3.3 percent of the companies listed in the Johannesburg Stock Exchange (JSE) have females in chief executive positions.
The publication adds that the following sectors feature men in significantly higher paid roles than their female counterparts.
- Healthcare sector – 28.1 percent more
- Media and general retailers industries – 25.1 percent more
- Technology sector – 22.9 percent more
- Financial sector – 25.1 percent more.
“South Africa’s labour market has changed little in the past decade, remaining more favourable to men, who are likely to be in paid employment than women, regardless of race. Addressing the pay gap between men and women is an important step towards income justice for South African women,” said Associate Professor in organisational behaviour at the University of Stellenbosch Business School, Anita Bosch.
Furthermore the report showed that 89.9 percent of chief executives at listed South African companies are white, while 10.2 percent are black, followed by Indian or Asian at 2.2 percent.[Source – IOL News] [Image – CC 0 Pixabay]