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We have published a handy ten things to know about asset management in South Africa. We look briefly at how asset managers and alternative fund managers get licensed, how foreign funds get registered, how they can be marketed in our country, the new exchange control dispensation for private equity funds introduced by the South African.
African countries have tapped into global capital markets with much enthusiasm, as evidenced by the 16 debut sovereign Eurobond issuances in the past six years. While this has rewarded the issuing countries and international investors greatly, there is still a significant opportunity to be unlocked with the development of domestic bond markets on the continent, Investec Asset Management believes.
With Africa being the world’s second largest and second most-populous continent, it makes good business sense for South African financial services companies – including those in the long-term insurance and asset management space – to be pursuing growth opportunities across the length and breadth of the continent.
A survey released by EY today, indicates that confidence in the asset management industry fell again in the second quarter of 2014, despite the local stock market hitting new record territory throughout the quarter.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?