Saica: Transformation efforts are working

The majority of directors of JSE-listed companies are under 40 and half are black.

Auditor-General Terence Nombembe. Picture: Sapa.

JOHANNESBURG - The South African Institute of Chartered Accountants (Saica) says its research has found that while the majority of directors of Johannesburg Stock Exchange listed companies over the age of 50 are white and male, around half of directors under 40 are black and half white.

The institute says this shows that its efforts to transform the profession are now having an impact.

The institute's Chief Executive Officer Terence Nombembe says that progress is being made when it comes to trying to ensure more black people occupy senior business positions.

"I can imagine that going forward that the ratios will stabilise as we push for transformation."

But he says there is still a lot of work to be done to make sure the profession properly transforms.