Coronation Integrated Annual Report 2024

About us

A singular focus on fund management

Our Purpose

To deliver superior long-term investment outperformance for the benefit of all stakeholders

Clients first

The sustainability of our business is tied to responsibly adding alpha to their portfolios & offering world-class products and client service.

Long-term thinking

Adding investment alpha & growing a sustainable business are multi-decade endeavours. This is rooted in adhering to a long-term strategy, and not reacting to short-term discomfort.

Owner-managed mindset

This promotes long-term thinking, which aligns employees with the interests of our stakeholders. This alignment is entrenched in our Remuneration Policy, with XX% of employees on a long-term incentive scheme.

A team-based company

Our people are central to our success. Strong people lead equally strong & cohesive teams. With diversity, equality and inclusion as a core strength, collaboration delivers the best outcomes.

A high-performance culture

We are a meritocracy that rewards employees for their individual contributions. Our culture of excellence is designed to attract and retain highly-skilled professionals.

Integrity matters

We have a fiduciary duty to act with uncompromising integrity. Employees are held accountable for maintaining the highest ethical standards. We know that Trust is Earned™.

Our business model

At the top of the crown sits our practiced philosophy generating investment value. This directly drives our purpose to deliver superior long-term investment out performance for the benefit of all stakeholders.

and our strategy enables
our core business activities

To deliver investment excellence for the benefit of all stakeholders

directed by our
material matters 

to generate long-term
value outcomes

The quality of
our capital inputs

for all our
stakeholders

Left arrow
DRAG
Right Arrow

How Shareholder value was created in 2024

Our ability to deliver attractive and sustainable financial outcomes for clients is evidenced by long-term performance across our fund range, which remains compelling.
Right arrow
Enhancing excellent client service
Up arrow
Strengthening operational resilience
Delivering superior long-term investment outperformance
Developing our global footprint
Championing active corporate citizenship
Left arrow
Left arrow
DRAG
Right Arrow

Delivering superior long-term investment outperformance

92%

Of our portfolios have outperformed their benchmarks since in inception

89%

Of since inception value added by our Houseview Equity strategy compared to the benchmark

Coronation Houseview Equity since inception

*FTSE/JSE Capped Shareholder Weighted Index from 1 May 2017. Previously 50% Resources (inception to 31 January 2002) and FTSE/JSE Shareholder Weighted Index. (1 February 2002 to 30 April 2017)

DIVERSITY AND TRANSFORMATION

We firmly believe that transformation, diversity and inclusion are central to a healthy business, economy and society. For this reason they have been embedded in our culture since we opened our doors in 1993. We have been active in transforming the financial services sector and South African society for 30 years, empowering our employees, supporting businesses and benefiting the communities in which we operate.
Women represent:

50%

of our employees

64%

of our new hires

Black individuals represent:

63%

of our employees

71%

of our new starters

R278bn

Representing 42% of our total AUM is managed by black investment professionals

Level 1

B-BBEE contributor as measured by the financial sector code

252

black IFA practices supported through the ASISA IFA Development Programme

53

black analysts received financial support to train via the Vunani Securities Training Academy

South Africa-based employees, ownership & AUM as at 30 September 2024.
Enterprise development figures are since project inception.

Governance

The Board has full and effective control over Coronation Fund Managers Ltd and its subsidiaries, which is exercised through the management team and subsidiary boards.

Back: Saks Ntombela, Neil Brown, Lulama Boyce, Anton Pillay, Madichaba Nhlumayo.
Front: Hugo Nelson, Alethea (Lea) Conrad, Mary-Anne Musekiwa, Alexandra Watson, Phakamani Hadebe.

Stewardship

We are committed to being active stewards of the capital we manage on behalf of our clients and further strengthening stewardship in our business operations.
Our four pillar approach

INTEGRATION

We integrate material ESG-related risks and opportunities into our investment decision-making process and account for these factors in assessing the long-term value of each of the securities in which we invest.

COLLABORATION

We collaborate with like-minded organisations where we believe that a combined effort will be more effective than individual engagements, including as a means of escalating previously unsuccessful engagement efforts.

PUBLIC POLICY ADVOCACY

We collaborate with industry partners and regulators to promote an investment industry that safeguards the long-term interests of asset owners and benefits the societies in which we operate.

Active investment stewardship

Corporate Social Investment

We are committed to playing our part in growing a just and equitable society. We believe that working to solve the education crisis in South Africa is key to achieving this and therefore our CSI initiative focus strongly on primary school literacy and numeracy, but extending support to students and adults.
Our cradle to entrepreneur approach
We are in it for the long term, just like our investment approach. We form enduring relationships with our CSI partners and the communities we support.