Black asset managers yet to sight uhuru
Only the fittest survive and normalisation of the asset management sector in SA remains slow
What started out as a data-gathering exercise 11 years ago to get a handle on the degree of participation by black-owned asset managers in the asset management sector has morphed into an annual socioeconomic research study providing data-driven evidence and analysis on the state of financial inclusion in SA.
The recently released 2019 edition of “BEE.conomics Transformation in SA Asset Management” presents revealing observations on the changing face of the savings and investments industry. The sector is reeling in a low-growth economy and needs to find a balance between delivering value to its customers and meeting the investment needs of the economy while concurrently restructuring to attain participation that is representative of the demographics of the country.