Trade and Industry on Solidarity research on Black Economic Empowerment (BEE) – Nomonde Mesatywa (good for understanding mandated investments)
“In relation to the Solidarity findings of 23.8% it is still far below the 40% mark in terms of the Mandated Investments Exclusion Principle, where 15% of direct ownership (unencumbered) is still required. The actual direct ownership in the JSE listed companies is still encumbered; therefore it is premature to suggest that the implementation of BEE has contributed more to the development and promotion of a black middleclass than is recognized” she said. " http://bit.ly/b3zctb