LETTER: Mind-boggling nonsense from Eskom investment officer
Eskom Pension & Provident Fund chief investment officer Ndabe Mkhize takes the cake by suggesting that infrastructure projects are a lucrative investment option for pension funds (“Infrastructure projects offer lucrative investment option to pension funds (https://www.businesslive.co.za/bd/opinion/2020-03-01-infrastructure-projects-offer-lucrative-investment-option-to-pension-funds/)”, March 1).
He writes that “a feasible return on infrastructure equity investment will be about 12%-16% … But what’s especially attractive about such returns is that they tend to be dependable and predictable over the long term — annuity income that can be relied on.”..
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