LETTER: How to revitalise ageing infrastructure
You don’t need to raid pensioners’ money to do so
I agree about the need to revitalise ageing infrastructure and build new infrastructure to modernise the country and create jobs. But instead of raiding pensioners’ hard-earned retirement savings, investment should be done in a way that benefits all South Africans.
Government entities could attract funding for infrastructure through raising investment from citizens in the form of project bonds or savings participation certificates that provide market-related returns. Those returns, or income for citizen investors, could be in the form of an annual interest rate or dividend with repayment of the capital sum at the end of the term...
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