LETTER: Advice about Eskom pension fund is misguided
The ambition to make development investments leading to societal change is best left to professionals that have a reputation
As a pensioner member of the Eskom Pension and Provident Fund (EPPF), I am greatly disturbed at the recommendations made by employed personnel (“Institutional investors have financial might to change mindsets and investment patterns (https://www.businesslive.co.za/bd/opinion/2020-09-14-institutional-investors-have-financial-might-to-change-mindsets-and-investment-patterns/)”, September 14).
The investment performance as shown on the EPPF website continues to underperform its benchmark (and hence investment objective) over all periods, a significant portion of which Ndabe Mkhize appears to have overseen. These investments were mainly in vanilla asset classes that have a long history, reasonable transaction costs and, more importantly, a level of transparency...
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