Black-owned asset managers struggle to find financing

PUBLISHED: Wed, 12 Sep 2018 15:40:44 GMT

Just under 10 per cent of the R5 trillion managed by private sector asset managers is managed by majority black-owned asset managers, according to the 10th annual ‘BEE.conomics – Transformation in South Africa Asset Management’ survey published by 27four Investment Managers. CNBC Africa is joined by Akona Mlamleli, Head of Transformation at 27four Investment Managers.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.