Sunday, November 27, 2022 UTC
Recognized by industry leaders for extensive coverage on African Asset Management
Analysis > Analysis and Strategy

SA Asset Management: The race to transform

The BEE.conomics 2022 survey, 27Four
Nov. 16, 2022, 11:44 a.m.
190

Word count: 834

Next year marks the 20th anniversary of the Broad-Based Black Economic Empowerment Act 53 of 2003. The financial sector has made extensive advancements in achieving parity across multiple segments, but control and ownership remains largely uninterrupted. A report published by the FSCA in 2022 states that the South African financial sector is “concentrated and interconnected with the largest banks, insurers and fund managers controlling the majority of assets”. It is against this backdrop that the sector can expect a flurry of interventions designed to accelerate the adoption of B-BBEE and promote competition - some of which are explained below.

Choose ONE Magazine and TWO Articles for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration