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  "path": "/business/2026-06-08-south-africas-transformation-drive-under-scrutiny-as-jse-black-ownership-remains-low/",
  "publishedAt": "2026-06-08T15:17:58.000Z",
  "site": "https://mg.co.za",
  "tags": [
    "Business",
    "Black Economic Empowerment (BEE)",
    "Black Management Forum",
    "Black Ownership on the JSE Research Report",
    "Capitec",
    "Duma Gqubule",
    "Exxaro",
    "Firstrand",
    "Government Employees Pension Fund",
    "Impala Platinum",
    "Jayendra Naidoo",
    "Nedbank",
    "Northam",
    "Old Mutual and ABSA",
    "Political-economy",
    "post-apartheid",
    "Public Investment Corporation (PIC)",
    "recommended two",
    "Sanlam",
    "Standard Bank",
    "Transformation Lens",
    "Unemployment Insurance Fund"
  ],
  "textContent": "There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black ownership – not having concluded BEE transactions for a decade",
  "title": "South Africa’s transformation drive under scrutiny as JSE black ownership remains low"
}