ANC MANIFESTO
Funds ‘face exodus’ if pension assets used to prop up failing SOEs
26 June 2019 - 05:10
Ordinary South Africans could choose to withdraw their savings rather than have their pensions used to prop up failing state-owned companies.
Alexander Forbes, the country’s largest pension fund administrator, said on Tuesday that some of its pension fund members have indicated that they will seek to withdraw from their retirement funds or reduce their contributions if prescribed assets became official government policy...
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