Deputy finance minister David Masondo says the government is looking at ways to ensure that retirement funds adhere to the financial sector’s BEE scorecard requirements when appointing asset managers, which he says are not acting fast enough to ensure more balanced racial and gender representation.​

Masondo also said that while the government will not introduce prescribed assets, it will amend regulation 28 of the Pension Funds Act to make it easier for pension funds to invest in infrastructure. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.