Listen "#SHSI Episode 19 - WHY DO A FEW SOUTH AFRICAN COMPANIES OWN EVERYTHING?"
Episode Synopsis
The Johannesburg Stock Exchange, or JSE's all-share market cap, currently stands at close to R20 trillion.This is the market value of all the companies listed on the JSE when combined.For reference, SA’s GDP sits at around 4,644,546.00 ZAR million as of September 2024.But remember, that’s the number value of what we produce every year in goods and services in the country. Now the JSE has approximately 400 companies listed on the Main Board and the AltX Board, and they have more than 800 securities available on its equity market.According to a dailyinvestor.com report, Black people had 39% board control of companies listed on the JSE, up from 28% in 2020. However, 0% of listed entities were 100% Black-owned, the same as in 2020.The Voting rights of Black people in 2021 stood at 19.10% and the latest from the JSE is that in 2022 it stood at 20.37%However when contrasted with the Economic interest, the value of actual shareholding that Black people have in JSE listed companies in 2021 was at 13.79% and by 2022 was listed 14.85%Why are these numbers NB? Well, we are going to go on a little journey together, one that will illuminate the make-up of actual competition in when it comes to south African companies...Then maybe start to ask ourselves the question around whether our economy is truly competitive or are industries just disguised monopolies right in our faces?
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