Black Economic Empowerment (BEE) | Black Management Forum | Black Ownership on the JSE Research Report | Business | Capitec | duma gqubule
South Africa’s transformation drive under scrutiny as JSE black ownership remains low
Despite a post-apartheid political economy spanning more than three decades, South Africa is lagging behind in its transformation crusade, given that Standard Bank and Nedbank have less than 1% black ownership and neither have concluded black economic empowerment (BEE) transactions for a decade. In significant findings laying bare the slow pace of transformation, respected economist…