South African-based companies have just under 5500 subsidiaries on the rest of the African continent, according to the Who Owns Whom (WOW) ownership file of 32 000 African companies. These are traditionally weighted towards SADC countries, but the last ten years has seen a surge of expansion into East and West Africa.
The ANC’s land summit decision to expropriate land without compensation has raised concerns for a negative impact on property valuation and a consequent risk to the banking sector but it should be viewed in context. Land restitution in South Africa is an imperative if we are to live in a just society. When South African soldiers returned from the second world war the white soldiers were given farms and the black soldiers bicycles. The forced removals of black people from areas such as District Six and Sophiatown shredded the social fabric of those communities and is one of apartheid’s greatest crimes.
The most recent feature added to WOWEB identifies which of the 17,000 profiled companies on our file meet the criteria to be termed a Black Industrialist (BI).
Despite a challenging economic environment, Who Owns Whom had a successful 2017. - 21 local and international corporations became new Who Owns Whom clients. - WOWEB introduced more than 30 new features based on customer requests.