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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.”
National Treasury on the Amendments to Regulation 28 of the Pension Funds Act and public comments
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The National Treasury on Friday published draft amendments to Regulation 28 of the Pension Funds Act (“amendments to Regulation 28”) for public comment on its website.
Due to technical problems currently being experienced by the Government Printing Works, publication of the Gazette was delayed until 1 March 2021 and backdated 12 February 2021. As a result of this delay, comments on the amendments to Regulation 28 will be accepted until 29 March 2021, as indicated in the media statement that was published on 26 February 2021.
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