Private credit has long been considered a niche asset class within the alternative investment universe, overshadowed by the dominance of private equity. However, as market dynamics evolve and investors search for yield above that of traditional fixed income,...
The evolution of financial markets is often shaped by regulation, and few examples illustrate this better than the development of South Africa's Exchange-Traded Fund (ETF) market. While global ETF markets, such as those in the United States, have flourished...
Emerging market (EM) portfolio inflows continue to recover, supported by a "Goldilocks" environment amid a shift in the Federal Reserve's policy stance. South African equities have benefited from improving risk appetite, recording a 24% increase year-to-date...
As institutional investors increase exposure to global markets, withholding tax on cross-border income has become a material concern due to the magnitude of tax leakage. For pension funds, investment managers, and other asset owners, reclaiming this tax is a...
For many South Africans, saving for retirement is a lifelong journey, one that involves steadily converting human capital (their ability to earn a salary) into financial capital (their pension savings). This delicate process, often unfolding over decades,...
Pressure is mounting on investors to find smarter ways to grow capital without exposing their clients to unnecessary risk. While asset managers and pension funds are well versed in traditional approaches to portfolio management, many still overlook the...
The South African Reserve Bank (SARB) has, under the leadership of Governor Kganyago, significantly enhanced its inflation-targeting credibility over the past decade. With the adoption of an implicit point target of 4.5% in 2017, inflation moderated from...
Artificial Intelligence (AI) is no longer a futuristic concept - it's already reshaping how we live, work, and invest. So, it's fitting that this year's IRFA Conference places AI at the heart of the conversation around retirement, savings, and investment....
The investment industry stands at an inflection point. As traditional sources of alpha become increasingly scarce, gender-aware alternative investment strategies offer a genuine competitive advantage. They mitigate long-term risks, provide diversification,...
Banking on a squeeze The South African credit market has evolved significantly over the last decade. In nominal terms, approximately R1.15 trillion in corporate-issued paper is currently outstanding, with a heavy skew toward financial institutions and banks....
