NEF welcomes JSE’s concurrence on 3% black ownership
NEF welcomes JSE’s concurrence on 3% black ownership
The National Empowerment Fund (NEF) welcomes the acknowledgement by the Johannesburg Stock Exchange (JSE) that “insofar as the investment that black South Africans have directly in listed entities on the JSE, we concur that the holding is approximately 3%”, echoing a recent and identical assertion by President Jacob Zuma at Parliament.
The JSE’s media statement was read out on CNBC Africa during a live television interview earlier in the week on Business Tonight with Nozipho Mbanjwa, where the NEF was invited to comment regarding its research findings on the ownership of black people in the economy.
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