DANIEL MATJILA: More investments in private markets would boost economy
SA has an advanced financial services industry compared to most of its developing country peers. Our banking industry, regulated and supervised by the SA Reserve Bank, follows the most recent, advanced and leading global standards. The country’s public markets exchanges, such as the JSE, compare favourably to some of the best exchanges in the world. Assets under the financial services industry are valued at about R9.4-trillion, including R2.8-trillion in long-term insurances. The SA investment management industry, with about R8-trillion assets under management, is the largest in Africa. Regulated by the Financial Sector Conduct Authority (FSCA) through important regulations such as regulation 28 of the Pension Fund Act of 1956, as amended, the asset management industry has historically maintained prudent capital allocation discipline across various asset classes. The net effect of this has been positive risk-adjusted returns for the public.
There is no doubt that global invest...
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