BEE.conomics 2020
Transformation in South African asset management survey
Summary of findings
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:
Impact of COVID-19
Team
Environmental, social and governance
Fund facts
Compliance and operations
Private markets
B-BBEE scorecard
Product distribution
Particpants
Business sustainability and societal impact
Brand building and industry influence
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