Sanlam Gauge Report 2022

Page 54

THE SECTORS: INFORMATION COMMUNICATIONS TECHNOLOGY

SECTOR CODE OVERDUE FOR A REFRESH BY LYNETTE DICEY

INFORMATION AND COMMUNICATIONS TECHNOLOGY LEVEL 4 % of target achieved

ICT

Target

120,0

80,45 53,91

61,75

74,52

80,0

60,0

87,41

100,0

40,0

20,0

Black Ownership: Equity Ownership

Management and Control

Skills Development

Information and communication technology evolves rapidly and empowerment regulations are struggling to keep up, resulting in a mismatch between the code’s requirements and the industry’s needs, such as those related to the fourth industrial revolution (4IR).

54

Enterprise and Supplier Development

SocioEconomic Development

The ICT sector code was published in 2012 and amended in 2016. The sector charter council concedes that it’s a tough code to comply with given that it sets high targets for ownership, management control, enterprise and supplier development and socioeconomic development compared to most codes, including the generic codes – and even though more points are available.


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Sanlam Gauge Report 2022 by SundayTimesZA - Issuu