South Africans and shares: 37% of us own them

Nedbank’s Preston Narainsamy talks DRD results and Massmart buying OneCart. Adcock Ingram CEO Andy Hall on company results as it gets squeezed by the pandemic. Kylie Purcell of Finder as its research shows 37% of South Africans directly own shares.

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“37% of South Africans who have access to the internet, and is able to do a Google survey, own shares”

Only 37% buy stocks yet 97% of the adult population buy carling black label.

Life’s about choices….
Don’t blame others for making the wrong ones.

37% own shares directly yet only +/- 30% pay income tax

37% is probably higher than I would’ve guessed (I’d probably guess 10-15%).

So this isn’t really a bad thing!

Now if gvt would just get out the way so small private businesses could flourish…………

End of comments.

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