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‘Sanlam Gauge’ looks to solve challenges in tracking transformation

The 2022 ‘Sanlam Gauge’ researched BBBEE scorecards from triple the number of companies it did in 2021

17 July 2022 - 00:00 By Staff Reporter
This year's 'Sanlam Gauge' starts on Wednesday.
This year's 'Sanlam Gauge' starts on Wednesday.
Image: Supplied

The scope and pace of transformation will be scrutinised at the second Sanlam Gauge conference on Wednesday.​ It is an important platform to identify challenges and solutions to accelerate change. 

Sanlam Gauge was launched in 2021 as the first consolidated research report of its type to provide a holistic measurement of economic transformation in SA, accounting for all elements of BBBEE.

The Intellidex-led research for the 2022 event relies on BBBEE scorecards from a sample of more than 10,000 companies, more than triple the number in its inaugural year.

Sanlam, the largest non-banking financial services group in Africa, in partnership with Arena Holdings, Sunday Times Business Times and KhumaloCo, will discuss the findings of the research.

The extension of the database in this year’s report, in collaboration with MPowered, means in years to come the Sanlam Gauge will be able to grow its database and hence its impact as a significant public benefit for the country, solving a data challenge that has long undermined efforts to measure and track empowerment.

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
Andile Khumalo, co-founder Sanlam Gauge, CEO KhumaloCo

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.”


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