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22 September 2017 17:17 (South Africa)

BMF disputes JSE BEE numbers

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The Black Management Forum (or just chief executive Jimmy Manyi) say that the black ownership numbers released by the JSE a few days ago are misleading. According to the JSE, once you remove all the assumptions, only 8% of the top 100 companies are directly black-owned. The figure that everyone is running with is 18%, but could be as high as 36%. According to the BMF, the figure is only 5%, and you can expect Manyi to make a lot of angry noises about that in the near future. Read more: Eyewitness News, The Daily Maverick

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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