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...

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