The latest report shows a slight change in the levels of transformation with the overall black ownership reflecting an increase from 25% in 2018 to 29%The commission that monitors compliance with empowerment legislation says it is concerned by the overall slow pace of economic transformation in the country.
On Tuesday, the Broad-Based BEE Commission released its report on the national status and trends on broad-based economic empowerment for 2019 which showed a decrease in the number of submitted compliance reports by JSE-listed entities, from 43% in 2018 to 42% the year after.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.