OPINION: The Unspoken Truths of Racism in the South African Workplace

Loading player...
GUEST – Julia Makhubela is the CEO of 54TwentyFour, a diversity, inclusion and equity firm

Makhubela Last year, a World Bank report concluded that South Africa is the “most unequal country in the world,” ranking us first out of 164 nations. In my experience, I have to agree. I worked my way to a senior position at a large corporate before leaving to run a diversity and inclusion agency, 54twentyfour, which I own today. I have intimate knowledge of the way private firms operate, and have seen the makeup of their staff. There is still a “cappuccino effect” in play: at the bottom mostly brown, and at the top, mostly white. Indeed, transformation has been almost exclusively limited to the lower rungs of the working ladder.

At a CEO level, little has changed. As a result, race remains the single biggest determinant of quality of life in this country. How is this possible in a nation that has enjoyed thirty years of emancipated governance? How is this possible in a country that has pushed B-BBEE (henceforth BEE) laws to the forefront of the economic machine? The answer is rooted in social hierarchies that persist unchanged. To look and speak as if you’re from a private school? That still holds more sway than to present as someone who comes from the townships. And this is just one example. Social stigmas are everywhere in South Africa, and they almost always benefit white people. While they’re largely unacknowledged, they’re tacit realities of everyday life.
8 Jun 2023 5PM English South Africa Business News · Investing

Other recent episodes

Rustenburg mayor raises alarm over rise in illegal mining

Rustenburg Executive Mayor Sheila Mabale-Huma has raised concerns over the growing threat of illegal mining in the North West town. Her warning follows the deaths of 14 illegal miners and injuries to scores of others at a disused mine in Nkaneng near Rustenburg. The incident has again highlighted the dangerous…
19 Aug 2PM 10 min

South Africans Under Pressure: Inside the Q2 2026 Debt Index

DebtBusters’ Benay Sager breaks down the latest Debt Index, revealing consumers still using 64% of their income to service debt, with high earners needing 103% just to stay afloat. We unpack the surge in unsecured credit, cost‑of‑living shocks, multi‑lender borrowing, and why debt counselling outcomes are improving despite rising financial…
19 Aug 1PM 8 min

DRDGOLD’s Big Year: Earnings Surge & Vision 2028 Takes Shape

DRDGOLD CEO Niël Pretorius unpacks a standout FY2026 performance, with revenue up 42%, operating profit up 83%, and major Vision 2028 infrastructure coming online. We explore production stability, the company’s debt‑free position, dividend uplift, and how new assets like the Daggafontein TSF and DP2 expansion reshape future output.
19 Aug 1PM 15 min

SA Consumer Price Inflation slows to 4.3% in July

Nedbank Economist Isaac Matshego breaks down South Africa’s July CPI print, which eased to 4.3% as fuel prices softened and goods inflation cooled. We unpack the drivers behind the slowdown, the stubborn pressure from housing and utilities, and what this means for consumer wallets heading into the September MPC meeting…
19 Aug 12PM 16 min

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min