Report claims JSE black ownership figures inflated

A new report is challenging how economic transformation is measured in South Africa. It argues that black ownership figures on the Johannesburg Stock Exchange may be inflated. The National Empowerment Fund and the Black Management Forum commissioned the Black ownership report.
It was launched at the JSE today. Economist, Duma Gqubule, says that companies can appear compliant with BEE ownership targets, without actually transferring meaningful ownership to black investors. Nosipho Radebe has more.

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