According to Solidarity deputy general secretary Johan Kruger, authoritative research undertaken by Alternative Prosperity indicates that, by the end of 2013, black South Africans already owned at least 23% of the shares on the JSE.<\/p>\n
Of this shareholding, 10% is directly owned by black investors, and 13% is owned indirectly by means of institutional investments such as pension funds.<\/p>\n
\u201cThis doesn\u2019t mean that the remaining 77% is only white owned. In 2013, foreigners have already owned 39% of the JSE and another 16% was South African owned, although Alternative Prosperity could not establish by which population group they were owned. The remaining 22% consists of white South Africans,\u201d Kruger said.<\/p>\n
\u201cMalema\u2019s distorted statements are totally unfounded and once again smacks of an attempt to drive his own race-driven agenda,\u201d Kruger said.<\/p>\n
As far as the South African Reserve Bank is concerned, its 2014\/15 annual report shows that 50.9% of the SARB\u2019s workforce is black, compared to the 33.3% of white employees at this institution.<\/p>\n
Recent data from the 2015 Jack Hammer Executive Report showed that the number of black CEOs running the top 40 JSE listed companies has declined from 15% in 2014 to only 10% in 2015.<\/p>\n The report also showed that\u201a out of a total of 334 people constituting the executive teams in SA\u2019s Top 40 companies\u201a 21% were black South Africans.<\/p>\n BusinessTech found that of 537 directors on South Africa\u2019s top 40 listed company boards, 72% (386) are white.<\/p>\n How much money you should pay your domestic worker in South Africa<\/a><\/strong><\/p>\n Why it\u2019s hard to be black in South Africa<\/a><\/strong><\/p>\n Black middle class on the rise in South Africa<\/a><\/strong><\/p>\n White vs black unemployment in South Africa<\/a><\/strong><\/p>\n![\"solidarity\"](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2015\/10\/solidarity.png\")
<\/a><\/p>\nMore on South Africa<\/h3>\n