South Africa

Details

  • Industry: Financial Services
  • Type: Press release
  • Date: 2013/11/13

KPMG Launches Definitive Fund Management Tool for Africa 

There are several reasons to be optimistic about Africa. According to a World Bank report, Sub-Saharan Africa’s annual Gross Domestic Product (GDP) growth is expected to reach 5.6 percent by the end of 2013 and  perhaps 6 percent in 2014.

This presents significant opportunities for investment managers in Africa who focus on the traditional or alternative sectors.   In light of this, KPMG in South Africa identified a need to produce a reference tool for those who market investment funds around the world, with a specific focus on Africa. This resulted in the inaugural KPMG Africa Funds and Fund Management Survey.


Gary Pickering, KPMG Managing Partner, Financial Services says, “The survey is designed to be a useful resource for investment managers focused on harnessing investment opportunities across the Africa continent.”


Conducted between August 2013 and October 2013, the survey asked country-specific questions relating to accounting, regulatory and tax issues in Botswana, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, Tanzania, Uganda, Zimbabwe and  South Africa. The findings are available online for perusal, country by country, providing both accurate and relevant information on the investment management sector.

Africa Funds and Fund Management Survey 2013

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The global asset management industry has experienced significant turmoil in the last five years, driven by the global financial crisis in 2008. However, Africa is forecast to be a driver of significant growth for fund management industry globally.
 

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Contact

Contact
Gary Pickering
Director
Tel: +27 (0)21 408 7310
gary.pickering@kpmg.co.za