Transformation is happening at a snail’s pace across all industries in South Africa according to the Sanlam Gauge report released on Thursday in partnership with Sunday Times’ Business Times. The report found that there is a strong element of frustration among people closely involved with broad-based black economic empowerment and that the current scorecard system did not reflect the underlying transformation within companies in each industry. The report noted that 27 years into democracy, a minority of the business sector is black-owned, while management scores were lowest across all sectors and all size categories, “with companies generally meeting targets at junior management level but falling short in higher levels”.