This has been quite a year. Starting with the exciting prospect of change in South Africa with the election of Cyril Ramaphosa as the new president of the ANC and later South Africa to the technical recession we now find ourselves in. If there is one thing that we can not complain about in our beloved country is the rampant pace at which things change and the tumultuous challenges that we are faced with. Surviving in this economic environment where corruption is rife, with all it’s negative effects, is not for the faint hearted.
Amid all this we at Stepp have had a fantastic year, with organic growth of 18% and in addition to this, we have made 8 new acquisitions which has led to very good growth. We have consolidated our short term offering and have exciting new prospects via our new Medical aid COE and also the establishment of Stepp Capital which will give our clients access to the stock market through various investment strategies. We have experienced excellent growth in amount of investments under our management over the past few months. We in partnership with Momentum Investments established our own Stepp funds which have performed well and made it easier to offer far better management and control over the investments of our clients. Further we launched our new website and Facebook pages. Further we were very excited with the launch of our very own Stepp Academy.
We are looking forward to a new year filled with excitement and change next year at Stepp. We believe that we will be Stepping Up to the challenges that will present themselves. I believe that the economy will begin to show an upward turn in the year to come. We are excited about the investment strategy of Mr Ramaphosa and the impact that it will have in stimulating the economy. In a country with the challenges and change that we are faced with the exciting part is that we will be presented with many opportunities. At Stepp we have chosen to focus on these opportunities rather than get dragged in by the challenges. We are excited about the year ahead and will continue with an aggressive acquisition strategy. We are looking at developing an exciting new investment strategy and product for our clients offshore. We will also be starting our own Fiduciary COE in the new year.
I want to thank each and every client for their support. Without you as the client there is no Stepp. We value each and every client and commit to continually stay abreast of time and to offering you new solutions that will keep you the client relevant to the changing times.