Image: Johannesburg Stock Exchange
The empowerment of all South African citizens, particularly black South Africans who emerged from a past of political subjugation and economic exclusion, has always been a rallying cry of the democratic South African government.
The JSE agrees that 10% black representation among the top 100 companies is woeful. Zeona Jacobs, Marketing and Corporate Affairs Director at the JSE, says: “The JSE believes that the 10 per cent statistic is low considering the country’s demographics. The aim should be to grow the percentage.”