In addition, the recent studies conducted by the Broad-Based Black Economic Empowerment, B-BBEE, Commission for 2017 and 2018 show that black women still occupy less managerial or executive positions compared to males and white people on the boards of entities listed on the Johannesburg Stock Exchange, standing at 18% in 2017 and 21,63% in 2018, despite women being the majority in this country. Further, in terms of ownership, black women were