Macro Perspective 37 | South Africa's changing investment landscape
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In this podcast, Peter Brooke discusses the quarterly unit trust statistics for Q2 2023 in South Africa and reflects on the changes in the country's savings industry over the years. Looking back 20 years ago, he notes that the industry has grown significantly, with total assets now reaching R3.4 trillion, primarily driven by compounding returns. Despite the industry's growth, the number of unit trust accounts has only increased from two million to three million over two decades, suggesting limited broadening of financial access in a population of nearly 60 million people.
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Chapters
- 00:00 Using quarterly Unit Trust statistics as an indicator of how SA’s savings industry is developing
- 00:55 The changes between now and 20 years ago
- 01:59 The big change of the makeup of where people save
- 02:32 How asset allocation funds have become a big winner
