Asset Management |

INTO AFRICA August 2019 Edition – Managers of Africa’s Asset and Wealth

Welcome to the August 2019 edition of INTO AFRICA, a publication written by the professionals, for professionals, investors, policymakers … Advancing and providing fresh insight into Africa’s emerging markets through renowned thought leadership and peer-to-peer knowledge-sharing. The edition is titled: Managers of Africa’s Asset and Wealth. African countries have been increasing their ranks of wealthy citizens through a phase of rapid economic growth. Knight Frank’s 2019 Wealth Report forecasts that there will be over 400…

Africa’s Biggest Money Manager Grows at Slowest Pace in 7 Years

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The Public Investment Corp.’s growth in assets under management fell to the slowest pace in seven years after equity markets dropped and South Africa’s economy slowed to levels not seen since the 2009 recession. Assets increased by 2.4 percent to 1.85 trillion rand ($136 billion) in the 12 months ended March 31 from 1.81 trillion rand a year earlier, the Pretoria-based PIC, which manages the bulk of South Africa’s government employees’…

Africa 2020 presents exciting opportunities for asset managers according to PwC

Posted on by The Editorial Team

JOHANNESBURG, South-Africa (Capital Markets in Africa) — New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: economic growth…