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

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South Africa 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.

 

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