Akona Mlamleli, Head of Transformation at 27four
Assets under management by black-owned asset management firms grew 1.76% from R408.3 billion in 2016 to R415.5 billion in 2017 – slower than the 32% leap from 2015’s R309.2 billion. This represents 9% of the total R4.6 trillion of assets available for management by private sector asset managers (out of a total savings pool of R7.9 trillion). The number of black assets managers also expanded from 41 to 45 over the recent year. This is revealed in the ninth annual BEE.conomics survey, published by 27four Investment Managers, released today. (more…)
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