Woolworths Holding has styled its one and only BBBEE equity deal to be like an Employee Share Ownership Scheme (ESOP) of sort. But like many other such initiatives in South Africa, this is a poor version of an ESOP.
Foskor, a state controlled phosphate rock mining firm, spots a 6% stake in its share capital that is attributed to its employees. The stake is held by an entity called Kopano Foskor Employees Trust.
Airports Company South Africa (ACSA) spots an Esop wannabe feature in its ownership structure which is reflected in its latest (2013/14) annual report.
Electronics technology and contract manufacturer, Tellumat, has stated that it has an ESOP type element in its ownership structure.
Italtile, the JSE listed ceramic tiles and related products trading giant, concluded an equity deal with its employees in August 2014.