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South Africa’s transformation drive under scrutiny as JSE black ownership remains low
There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black ownership – not having concluded BEE transactions for a decade
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mg.co.za
South Africa’s transformation drive under scrutiny as JSE black ownership remains low
There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black…
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businessday.co.za
Top company shares just 6.9% black-owned, new report finds
Report reveals empowerment targets undermined by weak replacement deal requirements