Opportunity cost of forced investing may outweigh developmental needs
Mar 13, 2020
3 minutes
By Timothy Rangongo
the South African government is finding itself between a fiscal Scylla and an economic Charybdis, where state debt is burgeoning, and the economy is stalling. In order to try and plug holes in its fiscus, and those of public enterprises such as Eskom, Transnet and a sleuth of others, National Treasury is now turning to South Africans’ retirement money.
Treasury plans to reintroduce a notorious and widely contended asset management policy of prescribed assets which was abandoned in the late 1980s. Prescribed assets in SA were first introduced in 1956 through the Pension Funds Act, when
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