Black asset managers, who oversee just 9% of assets under management in SA, are becoming increasingly strident in their calls for a greater slice of the country’s savings pool. What’s more, they have a powerful ally in their corner in the form of the National Treasury.

Deputy finance minister David Masondo said in a keynote speech on December 3 that the government is working with the Financial Sector Conduct Authority (FSCA) to ensure that the country’s 100 biggest retirement funds bolster their transformation efforts...

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