In November 2016 the South African Qualifications Authority (SAQA) approved SAAMA’s application to register a professional designation – “Certified Senior Asset Manager” (CSAM) – in terms of the national qualifications framework. This emanated from collaboration of leaders in AM from countries across the globe, including South Africa, linked to the preparation, and launch in 2014, of the international standard (ISO55001) on the management system requirements for Asset Management (which was also adopted in SA as a SANS). Leveraging collective global experience, the document sets out principles to be adopted by asset-intensive organisations to most effectively and efficiently manage assets.