According to annual BEE.conomics Transformation in SA Asset Management Survey published by 27four Investment Managers, there are currently 48 black asset management firms in South Africa and they manage only 10% or R490.3bn of the R5 trillion industry.
While there has been growth in the number black fund managers and their assets under management in the past couple of years, it has been painstakingly slow. So, why is this? Why don’t we have more black fund managers?
This blog post is almost two months overdue! My intention is to write a blog reflecting on every quarter of the year. For me it is important to reflect because how else do you know if you are still heading in the right direction, whether it be in your career, finances or relationships etc? We all need to reflect from time to time, it allows us to evaluate what is working and what isn’t.
Tribe, my hope for you this year is to be courageous in the decisions and actions you take in your finances to build real wealth. I always talk about real wealth, but what is it really? It can mean different things for different people, but since this is a blog about money… it is:
The ability to take care of your needs and family’s needs without being worried when the next paycheck is coming.
This past weekend, I had the privilege of being one of the keynote speakers at the #Finance4Women event. My host, Likeleli Monyamane, a CA(SA) and all round entrepreneur, asked for me to speak on the topic: Building Wealth and leaving a legacy. My presentation went a little something like this:
What does wealth mean to you?
Money/ networks/ impact/ freedom? You have to decide what wealth or financial success means to you.