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JSE to launch trading board for black shareholders

African Business Review can exclusively reveal that South African bourse operator JSE Ltd plans to launch a separate board for black economic empowerment schemes to make trading between black investors more "transparent".
 JSE to launch trading board for black shareholders
 
 
African Business Review can exclusively reveal that South African bourse operator JSE Ltd plans to launch a separate board for black economic empowerment schemes to make trading between black investors more "transparent".

South African companies have to meet affirmative action targets on a range of ownerships, employment and procurement as part of the government's drive to give the previously disadvantaged a greater part in the mainstream economy.

Shares issued for ownership deals often need to be held by black people and can only exchange hands between them so companies do not dilute their black economic empowerment credentials.

www.jse.co.za

Edited by Ben Lobel



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