says that while asset managers should play a part in economic development, the private sector should not be expected to solve all of country's problems using people's pensions.
Responding to questions at the Association of Black Securities and Investment Professionals roundtable on Monday night, Msibi said he does not want to underplay the importance of using the country's savings to develop underserved communities and invest in basic infrastructure like housing. After all, most of the funds sitting in SA's asset managers and pension administrators are retirement savings of ordinary people. Many of these people don't even own their own houses and have to battle daily with crumbling infrastructure.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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