ALLAN GREENBLO: Ground has shifted for SA retirement funds
Covid-19 and the recent ratings downgrades deal a double blow to retirement funds
06 April 2020 - 11:30
The ground has shifted for SA retirement funds. It must be so when their structural premise of long-termism is undermined by exigencies of the short. Two examples suffice.
Nobody has a clue of where the Covid-19 pandemic will lead. Neither can the impact of ratings agencies’ downgrades of SA to junk be fully quantified, perhaps less for the downgrades themselves than for the severe anti-growth analyses that motivated them...
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