DEVELOPING THE PRIVATE EQUITY AND REAL ESTATE LANDSCAPE IN SOUTH AFRICA

Research performed by Riscura/ SAVCA in 2016 shows that South African Retirement Funds have the lowest asset allocation to alternative investments outside of Botswana. In addition, the Property Sector Charter State of Transformation Report shows that the South African Property sector is still lagging its targets in the areas of Ownership, Management Control, Employment Equity, Skills Development, Preferential Procurement and Economic Development.

These low levels of participation in Private Equity and Real Estate are partly attributable to a lack of understanding and education of the two asset classes.

Summit believes that the primary responsibility for educating retirement industry participants lies with Investment Managers that are active in these spaces. Accordingly, Summit will participate in the development of these two asset classes by educating pension funds, trustees and all other industry participants on the workings of Private Equity and Real Estate by:

  • Availing members of the team to run workshops and seminars for Trustees, Principal Officers and any other Key stakeholders on Private Equity and/or Real Estate on a regular basis.
  • Continuing to contribute to the knowledge base on South African Private Equity and Real Estate by contributing to the body of published material on Private Equity and Real Estate in the CMA.
  • Sharing International best practice and new concept and methodologies around Private Equity and/or Real Estate as we continue to become aware of the trends. This will be delivered through newsletters published by the Fund for its Investors as well as continuing to share this information on our website and across social media platforms.
  • Facilitating the contributions of our service providers in the training of Trustees of Pension Funds, Principal Officers and any other stakeholders on Private Equity and/or Real Estate.
  • Continuing to be available for discourse on Private Equity and Real Estate in CMA to our Investors and all other interested parties.