Ebrahim Patel’s prescribed assets proposal a walk down the failed National Party route
Working people and up to 13-million pensioners will lose out if the new trade & industry minister’s plans of treating failed SOEs as investable entities come to fruition
25 June 2019 - 05:10
Trade & industry minister Ebrahim Patel made headlines shortly after his appointment by focusing attention on the ANC’s call for “prescribed assets”. Patel said pension funds “have a role to play in the development of SA through investment in real assets” such as Eskom, SAA and the SABC.
Investments in SA’s state-owned enterprises (SOEs) are high-risk bets; actually extremely high-risk. Yet still, the ANC wants the nation to bet its retirement on the belief that the SOEs are not imploding but are in fact sound “real assets”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.