Black S.Africans hold 21% of top listed companies

A study revealed that black South Africans held 21 % of the top 100 listed companies on the JSE.

A study revealed that black South Africans held 21 % of 100 listed companies in JSE.

JOHANNESBURG - The Johannesburg Stock Exchange (JSE) on Thursday said black South Africans hold at least 21 percent of the top 100 listed companies.

This according to the JSE's third study on black ownership on the exchange, which was done by Chandler & Associates.

The study said the 21 percent figure included the nine percent which was held directly, mostly through empowerment stakes.

Trevor Chandler said the other 12 percent was held through mandated investments, such as pension funds and unit trusts.

"This is all the employed people in South Africa that entered long-term pension scheme.

"An interesting dynamic is that the average age, typically, of a black South African participant in a pension scheme is younger than white South Africans."