Our local collective investment industry attracts many of our brightest minds and boasts a level of sophistication and expertise to match the best in the world. I have always marvelled at this, considering how few South Africans consciously save.
Strange as it may seem to an outsider, there is a great deal of money in savings and investments in South Africa – assets under management in collective investment schemes total just over R3 trillion, and, barring a slight reversal in Covid times, they have shown a steady increase year-on-year.
The assets are mainly in retirement
