Prescribed assets: debate far from over

south Africa’s R6tr savings industry is braced for the imposition of some form of prescribed assets, but fear that asset managers will be forced to channel capital into failing state-owned enterprises (SOEs) in a desperate bid to prop them up may be misplaced.

There is widespread acknowledgement within the private sector that meagre levels of investment into the country’s infrastructure must be ramped up to enable the faltering economy to grow and to preserve social stability, which is rapidly being undermined by widening inequality