Foreigners own 38% of JSE-listed companies' shares

October 12, 2017

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