SA s infrastructure drive is gaining momentum moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Response to the Regulation 28 public consultation moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
The projects your retirement money could help fund in South Africa
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The National Treasury has published its
draft amendments to Regulation 28 of the Pension Funds Act for public comment, detailing the projects which South African pension funds could soon invest in.
Treasury said that the proposed review of Regulation 28 is informed by calls for increased investment in infrastructure given the current low economic growth climate.
“The current regulation does not define ‘infrastructure’ as a specific category, which is currently spread across a number of asset classes like equity, bonds, loans and private equity.
“Consequently, current data from retirement funds does not record the exact investment in infrastructure.”