We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Andile Ntingi comes out firing for prescribed assets, but his claim that such a regime will save rural SA must be questioned, along with the belief that the government should be entitled to the after-tax assets diligently saved by South Africans for their retirement (“Prescribed assets may save rural areas from disappearing down potholes", January 28).

Another claim that must be challenged is his notion that prescribed assets benefited white but not black South Africans in the past. When it was applied, the policy meant the pensions of ordinary people (black and white) were invested in underperforming assets. The returns (if any) were far lower than those from investments in equities, making people poorer at retirement (or meaning they had to work longer to ensure they could retire)...

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

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

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.