‘Empowerment endowments’ offer actual economic benefits to poor, black people

They’re designed to target corners of our society that are hard to get to.

Stuart Theobald, Intellidex

What is the “Empowerment Endowment”?

What is Black Economic Empowerment really doing for the poorest of the poor?

The Money Show’s Bruce Whitfield interviewed Intellidex Financial Analyst Stuart Theobald.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

A lot of deals are maturing at the moment.

Stuart Theobald, Intellidex

These endowments will exist for much longer than you and I.

Stuart Theobald, Intellidex

87 of the largest 100 JSE companies concluded BEE deals.

Stuart Theobald, Intellidex

Once the deals mature; trusts end up with shares that form an endowment.

Stuart Theobald, Intellidex

More than R32 billion are sitting in trusts to support foundations that will exist in perpetuity.

Stuart Theobald, Intellidex

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This article first appeared on 702 : ‘Empowerment endowments’ offer actual economic benefits to poor, black people


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