Coronation helped and hindered by Covid-19
Weak economy causes net outflows of more than R29bn and CEO Anton Pillay expects the trend to persist for a couple of years
23 November 2021 - 09:39
UPDATED 23 November 2021 - 17:37
Coronation Fund Managers has been both helped and hindered by the impact of the Covid-19 pandemic on financial markets and the SA economy.
Though the continued rebound in markets helped Coronation’s earnings rise more than a fifth in its financial year to end-September, the Cape Town-based fund manager suffered a second successive year of net outflows as employers shed more than a million jobs in 2020...
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