Black asset managers control ZAR416 billion of SA investments


Black asset managers have grown to 45 in number, managing ZAR416 billion of the South African savings and investments industry out of a total pool of ZAR4.6 trillion currently managed by the private sector.

This is revealed in the ninth annual BEE.conomics survey, published by 27four Investment Managers, which is due for release on 5 September 2017.

While the growth in the size of the black asset management sector has been relatively slow from 2016 to 2017, it has shown resilience in the face of a recession in South Africa.

There is growth in the number of black asset managers, particularly in Johannesburg, and the number of black asset managers has more than doubled since 2009, along with similar growth in assets under management.

However, this represents less than a 10th of the total pie managed by the private sector.

The BEE.conomics survey is conducted annually to produce authoritative data and intelligence that measures the pace of transformation in South African asset management.

The theme of this year’s publication is industrialisation of the financial services sector and how to grow progressive and competitive financial institutions that contribute to structural change in the economy.

The publication unpacks the factors that contribute towards the lopsided topography of the sector and identifies solutions to strengthen the virtuous cycle of inclusive economic growth.

“It is encouraging to have received such great participation from the industry survey participants this year,” says Akona Mlamleli, 27four Head of Transformation.

“We have received strong feedback from the private and public sectors since our first edition, and the content has become integral to the formulation and debate around transformation policy.”

In its 9th year of publication, the survey has earned its reputation as the primary source for exclusive insight on the industry.

The formulation and execution of this research endeavour is backed by a sound thesis executed by a team of highly skilled investment professionals with the relevant experience to draw cogent inferences on the findings.

The survey details success at market penetration, competition, barriers to entry and expansion, human capital development, preferential procurement, job creation, socio-economic impact, access to financial services and various other industry trends. Also included is input and interviews with key stakeholders such as the dti, ABSIP and ASISA and a number of articles that address pertinent topics such as the Revised Financial Sector Code and its expected impact on the private sector and retirement funds.

The survey will be released on 5 September 2017.


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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