Democratisation of finance for economic empowerment

What you need to know:

Other than ownership of land and housing, the other type of asset ownership with an attached meaning in the role of finance to economic empowerment is the ownership of investment portfolio in the form of shares/stocks, bonds, or collective investment units.

Our privatization policy resulted into the listing of seven companies with a combined investor base of about 100,000 (that excludes the multiplier effect of such increased ownership of investment portfolio or investment by institutions such as pensions funds and the unit trust), and so one imagines if we had say 20 companies that were privatized via listing in the stock exchange, among hundreds of other privatized companies via private sales – what would have been the impact in the number of investors and in the creation of an ownership society. The single listing, by Vodacom as a compliance to Epoca brought in about 40,000 investors, many of whom are first time investors in the investment portfolio category. All these, knowingly or not, helps in the democratisation and humanisation of finance -- making finance serve the people and encouraging the people to consider themselves as active participants in a society built on the principles ownership, self-finance, and in economic empowerment.

Democratisation of finance for economic empowerment

What you need to know:

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