Andile Khumalo, co-founder of Sanlam Gauge and CEO of KhumaloCo, says the 2022 research is focused on achieving greater granularity within sectors to understand more clearly where certain industries are underperforming and where they are making good progress.
“We have extended our research by tracking sample company progress over the previous 10 years to really see how SA Inc has performed historically when it comes to transformation.
"Within that data we’re seeking trends that may be linked to specific events or legislation to try to achieve a better understanding of what drives transformation and what hinders it,” Khumalo says.
Karl Socikwa, group CEO: market development and sustainability at Sanlam, says SA’s Gini coefficient is the highest in the world, according to the 2022 World Bank report.
“The country has a reputation as one of the most unequal societies globally and the value of the Sanlam Gauge is therefore critical in providing greater transparency to areas of business where work needs to be done in becoming more inclusive and representative.
“As the country looks to rehabilitate the economy after two years of pandemic lockdown, transformation remains a vital issue.”