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Heidi Giokos Sep 12
Summary of 27Four report showing black assets in SA.
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Floyd Shivambu Sep 12
We had a very fruitful engagement with Asset Management Practioners today at the launch of ’s . We need to legislate cogent Laws and enforce transformation in the entire financial services sector.
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Economic Freedom Fighters Sep 12
[IN CASE YOU MISSED IT]: Watch Deputy President at the Launch sharing the current image of the asset management space, revealing that black people aren’t well represented in the space and further urged the guests to ask themselves why this is the case.
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Floyd Shivambu Sep 12
The key summary of the key findings of the 10th Edition. Proper illustration of the industry’s untransformed character is always an important guide to legislators, and of course we are taking note. The full report is with .
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Heidi Giokos Sep 12
Floyd Shivambu: “Why are black people not owning banks?”
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Economic Freedom Fighters Sep 12
Shivambu: It is black controlled, and performs above the SWIX Index, yet there is no black owned Asset Management Company that manages assets of half a trillion. Why is that? That is the question we should be asking
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Economic Freedom Fighters Sep 12
Deputy President ready to share ideas on how the entire asset management space should be transformed to reflect South Africa’s demographics. Watch his address live on EFF YouTube channel and Facebook Page
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Economic Freedom Fighters Sep 12
Shivambu: We took a resolution as the Finance Committee that the external funds should be managed by black-owned assets management companies but its still not implemented.
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Heidi Giokos Sep 12
Shivambu says the “so called asset management” own less than 10% of the the funds. He says so called because he says it’s a lot of fronting. “There is a lot of whites who get clever blacks to front but they behind it.”
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Economic Freedom Fighters Sep 12
Shivambu: Martin Luther King says that Freedom will never be handed over to the oppressed by the oppressor. It must be taken.
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Economic Freedom Fighters Sep 12
Deputy President with President of the Association of Black Securities and Investment Professionals (ABSIP) Mr Sibongiseni Mbatha
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Moshe Sep 12
Off the back of your () talk at , I believe it is NB to also look at legislating the management of SARB reserves which is currently managed by BlackRock.
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Economic Freedom Fighters Sep 12
EFF Deputy President engaging with the guests at the end of the launch and his keynote address that focused on the transformation in South African asset management.
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@27four
Economic Freedom Fighters Sep 12
Shivambu: The SARB is one of the most complex institutions, privately owned, but black controlled, and despite the ideological differences we have with the SARB, it is correctly managed by politically appointed Governor and Deputy Governors.
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Heidi Giokos Sep 12
WATCH: Shivambu “When we get into power next year we want to propose one municipality pension fund.”
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Heidi Giokos Sep 12
Flyod Shivambu says asset management is not rocket science like people perceive it to be.
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Economic Freedom Fighters Sep 12
Shivambu: We want to take the opportunity to appreciate the work done by 27Fours of publishing BEE.conomics. It has been very informative and useful.
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Asief Mohamed Sep 12
Fatima Vawda CEO of & Dep Pres Shivambu speaking at 10th edition of . Fatima Vawda "Less than 1% of R2.5 trillion of assets is managed by Black Fund Managers. Bulk of assets focused on domestic listed equities. Only 18% of women PM's"
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Fatima Vawda Sep 12
“We need to legislate transformation of the financial services sector.”
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Heidi Giokos Sep 12
Shivambu says black people are not playing a big enough role in asset management. They are not dominate in this or significantly represented.
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