While the subject of black ownership of the JSE has been addressed in research conducted by the JSE, NEF, National Treasury and the Financial Sector Charter Council, no research, to our knowledge, has been undertaken on black ownership of private companies. In an effort to address this issue, WOW economist, Jeremy Dobbin, mined the 8,800+ BEE certificates on private companies gathered by WOW researchers for the WOWEB platform over the last five years.
In the fight against money laundering and terrorist funding, the intention of the FIC’s recently released Guidance Note 7 is to support accountable institutions and supervisory bodies in the implementation of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) (the FIC Act).
We have recently included the market capitalisation of the 19 African stock exchanges under the Exchanges menu and it is interesting that while the Nigerian economy is 37 times larger than Namibia’s the Windhoek exchange has twice the market cap of that of Lagos. The country menu will shortly include African country peer analysis under the ‘Africa Inc’ brand. The Moroccan numbers are interesting coming in third in exchange market cap and fifth on GDP as its economy is largely agricultural based although government industrial policies have attracted Peugeot/Citroen and Renault to invest in manufacturing plants there.
The long-awaited Watchlist funtionality is now live on WOWEB. Detailed instructions to create your own Watchlist can be accessed by clicking on ACCOUNT INFO at the top left hand corner of the WOWEB site and scrolling to the bottom of that screen. All users can create a portfolio of companies and/or sectors for which they will receive an alert by email every time information is updated under TakeOver Talk (Corporate Actions), Notifiable Changes (Company Edits), Company Updates (full annual profile update) and Company Reports (Statutory reports issued by listed companies, SOEs and State agencies). You can also keep up to date with the size and scope of the Who Owns Whom database via in the Stats tab found under LATEST. Currently profiles for 16,443 South African, African and international companies are available in the WOWEB database and information for over 280 industries across Africa. Enjoy working your way through the database and creating your personalised Watchlist. I look forward to your feedback.