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Major fund manager sends a warning about South Africa | SA News

Luke Fraser
 ·18 Nov 2025

Coronation has warned that South Africa’s savings industry continues to struggle as the major asset manager records a drop in profit for the year.

In its financial results for the year ended September 30, 2025, Coronation noted that the local savings industry continued its long-term trend of contraction in 2025. 

The drop in savings was linked to South African consumers remaining under pressure and unemployment continuing to rise. 

The implementation of the Two-pot Retirement System also added to these structural headwinds in…

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