JOHANNESBURG - Corporate South Africa needs to pay more attention to increasing the number of women at leadership level as global focus on gender equality and awareness around the gender pay gap gains momentum, a report by professional services company PwC says.
In the 11th edition of its "Executive directors: Practices and remuneration trends" report, PwC said there was consensus regarding the need to transform boards and companies to bridge salary discrepancies, both from a representational perspective and in terms of pay.
There is also a need for more diverse representation on boards in South Africa, said the report released ahead of the annual women's day public holiday on Friday.
The entire month of August is observed as women's month in South Africa as a tribute to more than 20,000 women who marched to the Union Buildings government precinct in the capital Pretoria on August 9, 1956 in protest against the extension of racially discriminatory pass laws to women.
"Women’s month serves as a reminder of the urgency for closing gender imbalances in the workplace throughout South Africa," said Anastacia Tshesane, diversity and inclusion leader for PwC Southern Africa.