The investor can freely change their investments to adapt to changing market conditions and investment goals. Picture: DOROTHY KGOSI
At the same time, the theory goes, retirement funds are able to contribute to national development through growth and employment, and everybody wins. However, one problem is that SA’s track record in terms of managing large projects and state-driven enterprises is notoriously bad, due mainly to questionable viability, poor management and corruption.
That is not surprising given finance minister Tito Mboweni’s warning that SA could face a sovereign debt crisis within three years if government debt is not reined in. Our inability to pay the interest or the capital on amounts borrowed would have serious economic consequences. Mboweni has also indicated support for the idea of pension funds being allowed to invest in infrastructure directly. One way of doing this would be to use infrastructure bonds.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANN BERNSTEIN: Only business can lead SA out of the abyssThe private sector has to make a compelling case for a market-centred recovery strategy
Source: BDliveSA - 🏆 12. / 63 Read more »