South Africa’s government is considering legislative changes to compel pension funds and asset managers to plow money into industrial policy projects, Business Day reported, citing Trade Minister Parks Tau.
The proposed amendments to Regulation 28 of South Africa’s Pension Funds Act were tabled at the newly formed cabinet’s planning and policy meeting held over the weekend, the Johannesburg-based newspaper reported.
Source link : https://www.bloomberg.com/news/articles/2024-07-18/s-africa-eyes-pension-funds-to-boost-industrialization-bd-says?srnd=markets-vp
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Publish date : 2024-07-18 07:02:41
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