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PWC-Africa Asset Management 2020
November 30, 2017--Africa presents an exciting opportunity: As wealth continues to increase, more domestic investors emerge, while improvements in regulatory frameworks are enticing foreign investment and distribution.
Africa currently represents 15% of the world's population, but just 3% of the world's GDP and less than 1% of the world's stock market capitalisation.
However, things are changing and we are observing an increase in demand for goods and services. Therefore, the need for financing in the real economy is becoming increasingly necessary. Although they are still in the early stages, sound financial sectors and fund industries are developing across the continent-a tangible sign of attempts to meet those needs.
Key findings:
Traditional asset management, particularly the mutual fund industry, will grow at CAGR of 9.6% in the countries considered in our report.
Growth in mutual funds has been rapid with Nigeria showing a CAGR of 34% from 2011 to 2014.
Technology may leapfrog existing fund distribution channels in Africa.
view the PWC Africa Asset Management 2020 report
How big are African pension funds? Pensions are increasingly important as many countries set up and grow pension schemes. Mauritius and Ghana are examples of countries with 3-pillar pension systems and some countries are starting to revise their regulations to allow pension funds to invest more widely than just into domestic bonds, money market and equities. view more
SA's ETF listing boom set to continue view more
Stronger world markets boost JSE
JSE remains under pressure as rand strengthens
JSE shows little movement as market battles to find direction
Stronger rand defies ratings cut
Zimbabwe: Bitcoin Price Hits U.S.$16,500 view more
JSE flat as markets await rating decisions
Rand traders brace for big swings as risks stack up
Source: PWC
November 30, 2017--Here are selected findings from a recent hunt through the Internet:
According to a recent report by PricewaterhouseCoopers, "Africa Asset Management 2020" total assets under management in 12 selected Africa countries were $293 billion in 2008, more than doubling to $634bn by 2014.
They are forecast at $1.1 trillion in 2020. (The 12 countries are: South Africa, Morocco, Mauritius, Namibia; Egypt, Kenya, Botswana, Ghana, Nigeria; Angola, Algeria, Tunisia).
Source: africancapitalmarketsnews.com
November 30, 2017--Expect a number of new international offerings.
This year has seen significant activity in the South African exchange-traded fund (ETF) market.
Apart from Sygnia's acquisition of the db x-trackers funds from Deutsche Bank, a raft of new products have listed on the JSE.
Source: MoneyWeb
November 29, 2017--The JSE traded firmer on Wednesday with most sectors in the green as US markets soared to record highs after the Senate Budget Committee approved Trump's tax bill.
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Source: FIN24
November 28, 2017--While the strengthening rand supported banking stocks, it also hurt offshore-based industrial stocks.
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Source: FIN24
November 27, 2017--The JSE has struggled to find direction, with major indices moving moderately in morning trade.
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Source: FIN24
November 27, 2017--The rand closed firmer against the expectations of the market following S&P Global Rating's decision on Friday to downgrade South Africa's rand-denominated debt to junk status.
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Source: FIN24
November 27, 2017--The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
The global price of bitcoin stood nearer $10,000 on Monday.
Source: AllAfrica.com
November 24, 2017--The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody's and S&P.
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Source: FIN24
November 24, 2017--The rand's roller-coaster ride isn't over yet-but traders appear uncertain about whether it's heading up or down.
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Source: FIN24
