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”...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now