eNCA / Wednesday 11 October 2017 - 6:59pm
JOHANNESBURG - National Treasury says if the country wants meaningful and sustainable economic transformation, it would be a mistake to only focus on ownership.
Treasury recently released a commissioned research document to assess ownership targets as part of its work on transformation in the financial sector.
File: The JSE has put black economic empowerment (BEE)-direct ownership at 10%, with a further 13% in indirect ownership. Photo: Zacharia Mashele/ eNCA
The research report found that South African retirement funds owned 24% of shares in South African companies listed on the Johannesburg Stock Exchange.
Other local institutional investors and investment managers owned a further 24%. F