South Africa seeks to lift infrastructure investment with change to pension fund rules

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Canada News News

National Treasury is proposing changing rules governing pension funds to encourage investment in infrastructure projects.

Africa's most industrialised nation - the hardest-hit by the coronavirus pandemic on the continent - has put public works in sectors such as transport, energy and water at the heart of its economic recovery plans.

The proposed amendments do not introduce infrastructure as a new asset class alongside existing ones like equities, debt instruments and property but allow for infrastructure investments to be recognised within those asset classes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m back with smile on my face again thanks to tatiana_alek I don’t know what to say I was skeptical but I am proud to let the world know that you’re the reason behind my successful trades life!!🙏🙏🙏🙏 God bless you for your good works

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in CA

Canada Canada Latest News, Canada Canada Headlines