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latest news & developments
South Africa’s transformation drive under scrutiny as JSE black ownership remains low
There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black…
IDC deal must be scrutinised
Ramaphosa must now turn to the Industrial Development Corporation (IDC), which faces allegations of corporate governance failures similar to the PIC case. The latest concerns are…