ASISA reports progress on transformation

The first edition of the BEE.conomics Annual Transformation in South African asset management survey was published in 2009 at which time there were just 14 black-owned asset managers who, combined, managed R91 billion. Fast forward 13 years later, and today there are 51 black-owned asset managers managing close to R700 billion, indicating that black market share has been increasing steadily. Certainly, in the past couple of years the number of black private equity fund managers has grown
AlexForbes, South Africa’s largest investments multi-manager, recently launched a transformation policy to make an impactful contribution to the sustainability and relevance of the asset management industry in South Africa.
The policy has set transformative criteria for supporting and selecting asset managers and stockbrokers with an emphasis on gender diversity to ensure more black females are included in critical strategic and investment decision roles.
Yesterday, the Association for Savings and Investment South Africa (ASISA) released the first Transformation Report detailing the collective progress made by ASISA member companies from 2018 to 2020.

Joining Michael Avery for this discussion is Busisa Jiya, CEO of Association for Savings and Investment South Africa (ASISA) & Leon Campher, outgoing CEO of ASISA