Sunette Mulder, a senior policy adviser at ASISA, reports on South Africa's Collective Investment Schemes (CIS) industry's record-high assets under management, market performance, investor trends, and offshore portfolio developments in 2023.

At M&G Investments, we are dedicated to increasing the numbers of talented individuals in South Africa’s financial services industry and cultivating and nurturing that talent. One of our key initiatives is the M&G Investment Analyst Graduate Programme, which was launched in 2021.

Life offices and asset managers represented by the Association for Savings and Investment South Africa (ASISA) have made encouraging progress towards achieving the relevant transformation targets set by the Amended Financial Sector Code (FSC).

South Africa may very well be at the brink of a new era, where a greater focus on public private partnerships (PPPs) can help to address the country’s multiple challenges.

Recently, there have been claims that South Africa’s inter-regional “semi-gration” rate may have slowed, or even reversed. While good data in this regard is lacking, I suspect that there may be some truth in such claims. But the drivers are more likely cyclical, and short term in duration.

Head of Equities, Justin Floor and Fund Manager, Dirk Jooste at PSG Asset Management believe that the equity market is being priced at historically low valuation multiples, and in some cases, companies are acutely undervalued relative to their prospects for growth and shareholder return.