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Cosatu pledges support for ANC investment proposal

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The ANC is looking at the possibility of using private and public pension funds to rescue the country's state-owned enterprises.

Pension fund administrator Alexander Forbes has warned if these plans go ahead, there may be a financial exodus as people withdraw their retirements funds and stop

contributions so they aren't impacted by government interference.The union's President Zingiswa Losi said the PIC money has always been invested in rescuing companies, using

 

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Cosatu pledges support for ANC investment proposalThe ANC is looking at the possibility of using private and public pension funds to rescue the country's state-owned enterprises.
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