The largest ETF issuer in South Africa as the sector tops R300billion

Mike Brown at ETFSA does a quarterly “State of the South African Exchange Traded Product (ETP) Industry” update (they also have an event next week, details here).

From the update a couple of charts jumped out at me for the end June 2026.

Firstly the size of the entire Exchange Traded Products (ETP) industry. ETPs includes active and passive ETFs, Exchange Traded Notes (ETNs) and Actively managed Certificates (AMCs). Total assets under management (AUM) or makret cap is through R300billion. A big number, but in truth there are many local asset managers with more AUM.

But this is an important milestone for the industry that continues to grow, especially in the active space with Actively Managed ETFs (AMETFs) and AMCs.

Here we have the total for the different ETPs and while active is growing fast in terms of the number of listings. The AUM remains moderate, old school passive remains the largest sector by a long way.

But the chart that really got me was the size of the issuers. We’ve seen some consolidation over the last few years with Satrix taking most of the Absa business and 10X Investments taking over all of CoreShares.

But it always surprises me just how big Satrix is at 35% of the entire industry. Now to be fair they also were the very first issuer way back in 2000, so they got a strong head start.

The Prescient number is a little skewed as they issue for other managers. Absa is pretty much the NewGold ETF and EasyETFs is doing really well at almost R3billion of AUM, but they also issue for third party managers; Anchor, Cartesian and Ivy Asset Management as well as their own active ETFs.

Lastly, new issues during the quarter.

Prescient

EasyETFs

Satrix

Simon Brown

ETF blog

At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.