JSE advancing gender diversity in listed entities

In a groundbreaking move towards gender diversity and inclusion, the Johannesburg Stock Exchange (JSE) is spearheading efforts to increase representativity on boards and promote gender equality in corporate South Africa. Valdene Reddy, the Director for Capital Markets at the JSE, shared insights on the organization's initiatives during the FORBES WOMAN AFRICA Leading Women Summit at the Emperors Palace in Johannesburg, South Africa. Reddy expressed her excitement at being surrounded by a room filled with inspiring and driven women, highlighting the potential that lies ahead for future generations. She emphasized the importance of women investing in themselves, fostering connections, and continuous learning. The events, held deliberately during Women's Month, serve as a platform to showcase the art of the possible for women in various industries. During a panel discussion, Reddy elaborated on the significance of empowering and encouraging women across different fields, including sports, peace negotiations, and financial services. The focus remained on promoting deliberate efforts to uplift women, advocating for education, and empowering women to utilize their voices effectively. The JSE has taken a proactive approach to drive gender inclusion in listed entities. Reddy highlighted the organization's commitment to improving gender equality through disclosure guidelines and listing frameworks that encourage gender diversity on boards. She proudly shared that the JSE leads by example, with an executive team comprised predominantly of women. The company's board boasts over 65% female representation, and the organization itself comprises more than 50% women, reinforcing their dedication to promoting gender equality. Addressing the listing pipeline for the year, Reddy acknowledged a more promising outlook compared to previous years. Despite the challenging macroeconomic environment, notable listings such as Boxer from Pick and Pay and Rainbow Foods from RCL demonstrate an opportunity to unlock value and drive growth. These spin-offs not only unlock value for the parent companies but also contribute to the growth trajectory of South African companies. While the macroeconomic challenges persist, the promising listings pipeline signals potential for improved capital raise and growth across various segments in South Africa. The JSE's initiatives in promoting gender diversity and inclusion serve as a beacon for the financial industry, paving the way for greater representativity and empowerment of women in corporate South Africa.