State pension funds once revolutionised the investment industry, and can do so again
Their history shows how a new dialogue with pensions and workers at the centre may spark a turnaround
SA is in a deep, structural economic crisis, and it is highly likely that it will fall further into the abyss, with untold sociopolitical consequences, if drastic measures are not taken. This calls for a business unusual approach and a sense of urgency similar to the way global economies responded to the 2008 financial crisis.
The measures to boost economic growth announced by president Cyril Ramaphosa in his state of the nation address (Sona) were encouraging, but there was one glaring omission — the role of pension funds and, more broadly, the savings industry — in a new deal to jolt our slumbering economy into the dynamism necessary for sustainable growth and development...
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