Traditionally, the role of retirement fund advisers was mainly technical, with a focus on understanding fund rules, assisting with compliance and providing input on investment mandates and administrator selection. However, in today’s shifting landscape,...
South Africa’s retirement industry is undergoing a period of accelerated structural change. Consolidation among funds and administrators, far‑reaching governance reform, and the introduction of the two‑pot system are reshaping how retirement savings are...
South Africa’s two-pot retirement system is starting to show that limited short-term access to savings need not undermine long-term retirement security. For retirement fund trustees, this is an important early signal that better system design can support...
South Africa has an uncomfortable habit of having the same argument over and over again. We worry about imports. We talk about protecting local industry. We debate tariffs, incentives, and unintended consequences. And then, quietly, we carry on buying,...
Private markets have become an increasingly important component of institutional portfolios, not only for diversification and return potential, but for their role in supporting long‑term economic development. In Africa, the relevance of private markets...
There is a well-worn phrase in investment circles: illiquidity premium. We use it often, sometimes loosely, as though it were simply the reward for tolerating a locked up position. But I have come to think of it differently. The real premium is not just...
The latest Just Energy Transition Implementation Plan (JET-IP) report by the Presidency makes encouraging reading. It reflects both hard work by the JET Project Management Unit and enormous goodwill from the foreign community, excluding the US, towards...
As of 24 April 2026, the US–Iran conflict has been ongoing for approximately eight weeks. Despite President Trump’s extension of the ceasefire to allow for further negotiations, the path to a lasting resolution remains uncertain. Regardless of when and on...
For years, institutional investors in South Africa (or across Africa) have treated public markets as the clearest expression of economic health. If it was not listed, it was not often considered. That assumption is becoming harder to defend. Across much of...
South Africa’s economic geography remains deeply shaped by its apartheid past, with township and rural areas historically marginalised from mainstream economic activity. Today, these areas are home to a significant share of the population, including nearly...