Calls mount to free up pension investments
Regulation 28 of the Pension Funds Act governs how pension funds may allocate their assets
07 June 2020 - 00:05
The ANC has an unlikely ally in its call for pension fund legislation to be amended to allow more of SA's savings to go into financing infrastructure projects - the private equity industry.
But though the idea may be the same, the changes the industry has in mind are somewhat different to those envisaged by the ANC, which wants to see pension fund members' money re-routed through development finance institutions such as the Development Bank of SA...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.