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5 charts on why banks are in Zuma's cross hairs

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Johannesburg - South Africa’s four biggest banks, criticised by President Jacob Zuma for doing too little to boost black participation in their companies, haven’t done themselves any favors.

In the past decade, three boards have backslid on racial diversity and none of them reflects the country’s demographics.

Of South Africa’s population of 56 million people, about 81% are black Africans, 8.1% are white and the rest are Indian, Asian or from a group referred to locally as coloreds, who were also discriminated against during apartheid.

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