Black economic empowerment

SA's black middle class on the rise

South Africa's black middle class has more than doubled over the last eight years, growing from 1.7-million South Africans in 2004 to an estimated 4.2-million in 2012, according to new research by the UCT Unilever Institute of Strategic Marketing.

JSE black ownership on the increase

Black South Africans hold at least 21% of the top 100 companies listed on the Johannesburg Stock Exchange, including 9% held directly and 12% through mandated investments such as pension funds and unit trusts, new research shows.

Coega Dairy 'coup' for emerging farmers

Franchise restaurant group Famous Brands is partnering with the Coega Dairy Company in a state-of-the-art cheese manufacturing plant that will bring R55-million in new investment into the Eastern Cape while providing a robust, growing market for emerging dairy farmers in the region.

BEE 'must involve active empowerment'

Black economic empowerment needs to shift from supporting passive shareholding to promoting a more active and productive empowerment of black people across South Africa's economy, says Trade and Industry Minister Rob Davies.