Blog
Other service activitiesSouth Africa
Fighting Corruption, Money Laundering And Terrorist Funding
Murky ownership details give crooks places to hide Companies profiled by Who Owns Whom researchers are allocated a transparency rating based on their willingness to disclose information about themselves, from 1 (opaque) to 10 (fully transparent). Of the 15,241 active companies on file, 32.76% scored above 6. While this is a material percentage, it indicates that we still have some way to go to convince our business community that transparency is more conducive to a functional society than secrecy.
Zambia
Zambia Snapshot
Zambia’s economy is holding steady despite the massive drop in agricultural output in 2018. But political and economic challenges weigh heavily on the country. World Bank figures estimated Zambia’s 2018 GDP growth at 3.5% while the African Development Bank estimated economic growth at 4.0% in 2018, compared with 4.1% in 2017. It said that agricultural output fell more than 35% in 2018 due to poor rainfall, although copper production and construction contributed positively to growth.
Other service activitiesSouth Africa
Corporate Citizenship
How are we going to uplift the unacceptable levels of vulnerable people in our society? The Black Economic Empowerment (BEE) policy was designed to redress the economic imbalance caused by...
Other service activitiesSouth Africa
Know Your Client
The global fight against corruption, money laundering and terrorist funding activities has seen the obligation to ‘know your client’ become an inexorable international trend, which has been brought even closer to home with the Gupta, VBS, Steinhoff and Bosasa delinquencies. To bring South Africa in line with international efforts and to meet our commitments to the G20 in this regard, government promulgated The Financial Intelligence Centre Act (Fica) of 2001 (amended in 2017) to create the Financial Intelligence Centre, which has become one of the most effective institutions fighting corruption and crime in our society.
Other service activitiesSouth Africa
Department of Public Enterprises Should Be Planning its Own Demise
An opinion piece by Who Owns Whom’s MD, Andrew McGregor, looks at the unintended impact of giving a single minister control of the largest state-owned entities (SOEs) back in 1999....
Other service activitiesSouth Africa
Small Business – Big Talk but Little Commitment
Who Owns Whom’s MD Andrew McGregor says that, despite president Cyril Ramaphosa reaffirming government’s commitment to promote small and medium-sized enterprises (SMEs) and create jobs, efforts to support SMEs in...
Other service activitiesSouth Africa
South Africa: We Need Sunlight To Disinfect Capital
In an article published on The Africa Report, Who Owns Whom Managing Director Andrew McGregor calls on the public to reject the questionable morality of the private sector and asks...
Financial and insurance activities
Manufacturing Leads Growth
Dear WOW User The South African economy pulled itself out of its second recession since 1994 in the third quarter of 2018 with a quarter on quarter GDP growth of 2.2% with contributions from the following sectors; Manufacturing – 7.5% Agriculture – 6.5% Transport – 5.7% Trade – 3.2% Finance – 2.3% State – 1.5% Personal Services – 0.7% Of the 12 industries research by Who Owns Whom in December 2018 and January 2019 six where in the high performing manufacturing sector; The Confectionery Industry South Africa has a sweet tooth with the chocolate market valued at approximately R6.4bn and sugar confectionery at between R12.5bn and R13.5bn.
