Government target on loosening white control of the nation’s economy slowly being met

By Lelethu Mquqo
2 Sptember 2010

A study has found that black South Africans own 18 percent of the top 100 stocks listed on the Johannesburg’s stock exchange.

This sets companies in line to meet a government target on loosening white control of the nation’s economy.

Chief executive officer of JSE Ltd Russell Loubser says requirements set out by the Department of Trade and Industry had been used as the basis for the study.

The research excluded investments held by pension funds, the government, cross holdings, treasury shares held by companies and foreign operations.