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In Conversation with Kelebogile Moloko

For the launch of the 10th edition of the BEE.conomics – Transformation in South African Asset Management survey we interviewed some of the participants of the inaugural edition from 2009. The transcript has been redacted. For the full interview, listen to the podcast below. In conversation with Kelebogile Moloko, Prowess Investment Managers (Est. 2008) 27four: What were some of the challenges that you experienced in 2008 when you founded Prowess Investment Managers? Kelebogile: I think it was really an exciting period for one to think big and to think differently in terms of what value one could bring into the
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Prowess Investment Managers Wins at the ABSIP 2018 Annual Financial Services Sector Awards!

The Association of Black Securities and Investment Professionals (ABSIP), was established in 1995.  Broadly its objective is to promote an inclusive investment industry. Prowess Investment Managers was recognised at the ABSIP 2018 Annual Financial Services Sector Awards by scooping the following accolades: • Leading Woman Owned Company in the Financial Services Sector • Fixed Income Fund of the Year As a recipient of these awards, we are impassioned to continue on our path of maximising financial returns for our clients while championing social impact objectives.
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South Africa’s current economic situation and how it affects you

With the global economy facing the worst meltdown since the Great Depression, the financial crises have spread to global markets. Developed economies, led by the United States, are now in a recession and the word “depression” has crossed a few lips. Attempts by governments to resuscitate economic and market confidence through fiscal stimulus and aggressive monetary policy easing continue to falter, as economic data across the globe indicate that the economy is taking a turn for the worst. The International Monetary Fund now estimates that global growth will fall from 3.4% in 2008 to a mere 0.5% in 2009 –
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BEE asset managers: Fresh thinking required

The proportion of BEE asset managers is still low, and models may have to be adjusted to correct this In some respects, the black-owned fund management sector seems to have been a success story. Since 2009, the sector’s assets have increased fourfold to R408bn. In the most recent edition of the authoritative BEEconomics survey produced by 27four Investment Managers, the growth in assets was 32% over 12 months, compared with barely 3% from the all share index. A number of firms are also well out of the incubator stage, and would be considered mainstream. These include Kagiso, Mazi and Taquanta,
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