National Treasury has published draft changes to the pension fund act, the public can weigh in until 29 March 2021.
The public will have until 29 March to weigh in on proposed changes to Regulation 28 of the Pension Funds Act.
The changes aim to make it easier for retirement funds to invest in infrastructure asset classes.
Adjusting legislation is just one paart of encouraging investment in infrastructure, says an industry expert.
The public can now weigh in on proposed amendments to regulation 28 of the Pension Funds Act,which are aimed at making it easier for retirement funds to invest in infrastructure.
Treasury on Friday gazetted the draft amendments – following Finance Minister Tito Mboweni s announcement earlier this week during the tabling of the national budget.
Prabashini Moodley is the managing director of Old Mutual Corporate, having served in various roles across personal finance, Old Mutual Investment Group, mass…
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Old Mutual trading update states only the obvious
Unchanged share price indicates shareholders expect much the same in the second six months than in the first half of the year. 15:33
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Image: Waldo Swiegers, Bloomberg
Old Mutual specifically mentioned in its trading update preceding the announcement of its results for the year to December that the update is merely a preliminary indication of what shareholders can expect when it publishes its results at the end of February.
This first update states that headline earnings per share (Heps) and EPS would be over 20% lower than that of the previous year (2019: Heps 236.1 cents and EPS 208.3 cents) â the standard announcement required for shareholders in terms of the JSE’s listings requirements, when a company realises that earnings will differ by more than 20%. This change is “due to the significant impact Covid-19 has had on our business operations and results.”