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Equality
Economics

Black Ownership of South African Businesses Falls Below 30%

The Central Business District (CBD) in Pretoria, South Africa.

The Central Business District (CBD) in Pretoria, South Africa.

Photographer: Waldo Swiegers/Bloomberg

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Black ownership of businesses in South Africa dropped 1.5 percentage point to below 30% last year, as Africa’s most industrialized nation struggles to economically empower a larger portion of its population.