A big bet on BEE managers
27four’s latest survey shows a huge jump in funds managed by BEE firms. But they are shrinking to a handful of contenders
The good news from the latest BEE.conomics survey is that the assets of black-owned asset managers increased by more than 70% to R1.15-trillion over the past year.
The bad news is that the spoils are not being well spread. Just five firms — newcomer Sanlam Investments, Taquanta, Prescient, Aluwani and Vunani — make up 73% of the assets. And Vunani was the fastest growing manager, increasing assets by 30% to R54.7bn...