Building Capital A History of Asset Management in South Africa (2021)

Asset Management Research Institute, Johannesburg, 2021, hardcover, illustrated, index, 324 pages, condition: new.

How did South Africa, a country at the southernmost tip of Africa with a turbulent past and a relatively small and still-developing economy, come to house one of the most significant asset management industries in the world?

In this riveting, must-read book, Muitheri Wahome lifts the veil on the origins and evolution of asset management in South Africa, shining a brilliant, incisive light on a fascinating and little-known chapter in the countrys political and socioeconomic history. The story of the South African asset management industry is the story of how a resilient David rose to be a Goliath on the world stage, today responsible for the financial wellbeing and empowerment of millions of citizens from all walks of lifewith much of this success neither preordained nor obvious from the industrys difficult, humble beginnings.

Peopled by a cast of characters with insights as diverse and interesting as South Africa itself, Building Capital is an indispensable companion to asset management professionals both locally and globally, as well as all who serve and are served by them. Wahomes subtle handling of her rigorously researched material and her evocation of the determination, courage, and tenacity of the South African entrepreneurial spirit not only inform but also inspire, instilling hope for the country and its uncertain future.