EVERY year since 2010 the JSE has released a report on black ownership of its top 100 companies, which has served no purpose except to mislead and confuse the public, and start an annual ritual of statistical mudslinging that does not shed light on any important issues.This year the report was released a day after President Jacob Zuma responded in Parliament to the debate on his state of the nation address. The report said black South Africans owned at least 23% of the shares of the exchange’s top 100 companies.Zuma had responded, a day before the report was released, to a question from African People’s Convention leader Themba Godi, who pointed out that the government had not fundamentally changed the structure of the economy to effect true transformation.The president agreed with Godi and said: "Twenty years into freedom, we are still grappling with poverty, inequality and unemployment. Inequality is still staring us in the face. Census 2011 informed us that the income of househol...
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