DEVELOPING THE PRIVATE EQUITY AND SOCIAL INFRASTRUCTURE 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 Social Infrastructure 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 Social Infrastructure by: