BMF disputes JSE BEE numbers

By Andy Rice 15 September 2010

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