SA’s post-Covid revival: why harnessing pensions for infrastructure may just work
The latest proposal has sparked formal discussion, in contrast to talks that were previously conducted inelegantly, to resolve longstanding contentions
08 June 2020 - 06:00
Forget prescribed assets. They’re a diversion from the potentially solid proposal now on the table that seeks a social compact through retirement funds, representing millions of South Africans’ long-term interests, for investment in growth and employment-generating infrastructure projects.
The introduction of prescribed assets would have been the government’s blunt instrument to force a proportion of retirement fund assets into the dark holes of virtually unaccountable state expenditure. The state would have been raiding pension assets while simultaneously, and in contrast, urging retirement provision...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now