New Study Reveals Low Levels of Black Ownership on the JSE
A recent study has highlighted a significant gap in the economic transformation of South Africa’s corporate sector. The research focuses on black ownership within the country’s largest businesses, revealing that the actual figures are much lower than many people previously believed.
According to the report, black ownership accounts for R255 billion in the top 60 companies listed on the Johannesburg Stock Exchange (JSE). This amount represents only 6.7% of the total value of these major firms. When looking at broader South African assets, the study found that black ownership stands at approximately 6.9%.
These findings challenge common perceptions regarding the progress of black economic empowerment in the private sector. For years, there has been a public debate about how much of the economy is truly owned by black South Africans. This data suggests that despite various policies aimed at increasing participation, the actual percentage of ownership remains in the single digits.
Economists and policy experts are now examining these numbers to understand the barriers that still exist. The study serves as an important reminder of the work that remains to be done to achieve a more inclusive economy in South Africa. As the country continues to navigate its economic future, these statistics will likely play a key role in future discussions about empowerment and corporate transformation.