Creating a meaningfully sized, separate pool of research allocations for black-owned and managed securities firms is needed to address the racial imbalance in SA’s securities sector, says the Association of Black Securities & Investment Professionals (Absip) Stock Broking Think Tank. A demographic analysis of the 2017 Financial Mail analyst rankings by Primaresearch on behalf of Absip found that only 14% of sell-side analysts were black. Absip deputy president Delphine Govender says there have been previous attempts to create such a separate pool, but the Absip think tank "feels that the total amount allocated in those instances has been too small to include most black firms and to make a meaningful difference across the industry. Thus, black firms are still very limited in attracting senior talent to work with and groom budding black analysts". An important factor would be ensuring that the competitive criteria are appropriate for and specific to this pool. For example, she says, i...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.