Amend Pension Funds Act to allow for ‘cheaper access’ to development finance, says ANC
The ruling party wants regulation 28 of the act amended to impose prescribed assets
01 July 2020 - 20:38
The ANC wants the Pension Funds Act changed to enable “cheaper access” to finance for development.
After a national executive committee (NEC) meeting at the weekend, secretary-general Ace Magashule said on Wednesday the party wanted regulation 28 of the act, which governs the way pension funds invest in various classes of assets, amended...
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