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.
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:
The number of black-owned asset managers across both public and private markets
Total industry AUM
Median asset manager AUM
Mean asset manager AUM
Black market share of the total estimated South African savings and investment pool
Black market share of the unit trust industry
Black market share of the private markets industry
The number of people employed by the industry, down 4.5% from last year
The percentage of profitable firms