An amendment to prudential rules announced in last month’s budget enables pension and mutual funds to invest 45% of their assets abroad, up from 30% previously.
The upheaval in Eastern Europe has upended everything, with South Africans, who are still recovering from two years of Covid-19 lockdowns, now facing the prospect of food price hikes and even higher fuel prices.
Threats of war over Ukraine with China and Russia making an unexpected pact to stand together has seen oil prices head for $100 a barrel again and intensified concerns about Europe’s gas future. Is this a turning point in the global order and something we need to worry about?