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Mail & Guardian
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South Africa is lagging behind in its transformation crusade, given that Standard Bank and Nedbank have less than 1% black ownership and neither have concluded black economic empowerment (BEE) transactions for a decade.
BLACK ECONOMIC EMPOWERMENT BEE

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…

  • Brian Sokutu
5 min read
The IDC should establish an independent forum to address employee relations issues. Photo: -File
AGRO AND SERVICES INDUSTRIES

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…

  • Editorial
2 min read