SA’s biggest asset managers are now Level 1 BEE compliant
The 2022 Alexforbes Retirement Fund Survey shows that 19 of SA’s 20 largest fund managers are considered Level 1 BEE contributors
29 March 2023 - 19:32
Virtually all of SA’s top 20 asset managers now have top tier BEE status.
The latest Alexforbes Retirement Fund Survey, which was compiled in June 2022, found that 19 of the top 20 fund managers ranked by assets under management (AUM) are now considered Level 1 BEE contributors, a 46% increase from the previous survey. Moreover, all of the top 10 asset managers in the survey had the highest BEE rating of Level 1, meaning they meet the most stringent regulatory requirements for black ownership, procurement, employment equity, and enterprise and supplier development...
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