ABSIP to host Investment Summit

By Janice Roberts

IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

The Association of Black Securities and Investment Professionals (ABSIP) is hosting the second ABSIP Investment Management Summit on 1 August 2016 at the Hyatt Hotel in Rosebank.

The summit aims to map out a critical and urgent path for meaningful and sustainable transformation across the South African investment value chain to contribute to sustainable inclusive economic growth for the country, as resolved in the inaugural summit in 2014.The one day summit will be opened by Deputy Finance Minister, Mcebisi Jonas, while Deputy President Cyril Ramaphosa will deliver the keynote address.

Speakers at the summit include Litha Nyhonyha, chairman of Regiments Capital, Fidelis Madavo, Executive Head of Listed Equity at the Public Investment Corporation, Donna Sims Wilson, the chair elect of National Association of Securities Professionals in the United States and presiding ABSIP members, Simon Coetzee, Delphine Govender, Asief Mohamed, Kelly De Kock and Katleho Lebata. The event will bring government and business leaders together to discuss the pace and level of transformation within the South African investment management industry and to urgently understand what intentional and unintentional factors are impeding transformation and gender equality within the industry.

“We need to transform the investments industry to grow the South African economy. Following our first investment summit two years ago, ABSIP proposes that the second round of engagement is necessary,” said ABSIP President, Tryphosa Ramano.Delegates and government officials will discuss the roles and responsibilities of all role players in the investment industry, as well as how ABSIP member firms should leverage off global and multiple partnership to improve their probability of delivering successful outcomes.

“For companies thinking about opening or expanding operations in South Africa, there is no more efficient way to meet the right people and discover opportunities from across the entire country,” concluded Ramano.

Delegates will include retirement fund trustees, asset owners, investment and asset consultants, investment industry associations, investment management firms and stockbroking firms and investment management industry (buy and sell side) professionals.

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