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551 000 workers benefiting from ESOPs in South Africa [SOUND]

# Trade, Industry and Competition Minister Ebrahim Patel has highlighted the success of Employee Share Ownership Plans in South Africa. He revealed there are currently 551-thousand workers benefiting, reaching approximately 1.54-million people. During his address at the Worker Share Ownership Conference, Patel detailed their diverse reach, covering industries from mining to beverages. He acclaimed the equity or share value contained in ESOPs was 70.3-billion-rand in 118 companies: