New trend towards delisting pays off, writes Thabo Kobokoane Black empowerment almost disappeared from the investment radar screens this year, following the turmoil of the past two years.
Investors are unlikely to forgive companies which effectively destroyed value.
Although empowerment companies have been criticised in the past for a lack of skills transfer, there are indications that they are starting to do things correctly. I-Net Bridge reports that the number of black directors in empowerment companies has risen. A lot more still needs to be done to ensure that black empowerment returns to favour with investors. The commission's report was released at the end of September. The draft report, which should have been the bible of empowerment, represents a sad case of missed opportunities.