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

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


ANALYSIS

As Saudi Arabia’s diplomatic crisis worsens, SA remains silent – because of the Denel deal, critics claim

By Rebecca Davis

OP-ED

What do we want from Bain?

Athol Williams 7 hours ago

"Ah coffee. The sweet balm by which we shall accomplish today's tasks." ~ Holly Black