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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Employee share-ownership: South Africa's new capitalists?
Author:Maller, J.
Periodical:South African Labour Bulletin
Geographic term:South Africa
Abstract:In some South African companies employees are given the option of buying shares and earning dividends if the company performs well. Management hopes that if employees own shares they will work more productively. This briefing explains some of the ideas behind Employee Share Ownership Plans (ESOP's), looking at the types of share ownership, the origins of ESOP's and ESOP's in South Africa. On the basis of a preliminary evaluation of the impact of ESOP's on both employees morale and on company profitability, it concludes that in South Africa, ESOP's are particularly inappropriate in a context where most black workers do not earn a living wage and would be better off gaining higher wages than shares in a company.