empowerment
How crazy rules are stifling JSE empowerment stocks
More than 25 years after the first big empowerment deals were done in SA, the collective value of black-controlled entities on the JSE is an underwhelming 3% of the bourse’s R17-trillion market cap. While plans are afoot to turn things around, unlisted BEE investment outfits seem less than enthused
28 July 2022 - 05:00
Is a fixation with maintaining black ownership inadvertently stifling efforts to broaden — and grow — empowerment participation on the JSE?
Sizwe Mncwango, for one, believes “true empowerment” on the bourse has either stalled or gone backwards in recent years — “with one of the main causes being a boom in the “tenderpreneurship quick-fix”...
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