SA’s top asset managers foresee industry consolidation
Sluggish economy adds further woe to sector beset by dwindling savings pool and rising costs
15 September 2023 - 05:00
SA’s leading asset managers have drawn attention to the country’s dwindling savings pool and the likelihood of consolidation in the industry as smaller firms are swallowed up by bigger competitors.
Stanlib CEO Derrick Msibi, who heads a group with more than R600bn in assets under management, told delegates at the INN8 summit such consolidation would affect both asset managers and discretionary fund managers. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.