The purpose of this survey is to map the progress of transformation in the South African asset management sector and to showcase the universe of majority black- owned, managed and controlled asset managers across both public and private markets.
Foreword
by Polo Leteka Radebe, President of ABSIP
The year 2020 is turning out to be a watershed moment for the world at large and for South Africa in particular. As a country with a unique history premised on years of historical injustices and a unique transitional project into democratic rule, the South African story always needs to be narrated and articulated in a manner that acknowledges the uniqueness of our society at large.
View highlights from sections of the survey:
Sector overview
51
The number of black-owned asset managers across both public and private markets
R668 Billion
Total industry AUM
R1.6 Billion
Median asset manager AUM
R13.1 Billion
Mean asset manager AUM
8.8%
Black market share of the total estimated South African savings and investment pool
8.7%
Black market share of the unit trust industry
10.5%
Black market share of the private markets industry
638
The number of people employed by the industry, down 4.5% from last year
76%
The percentage of profitable firms