According to Bloomberg, Asisa CEO Leon Campher said of the economic plans under discussion to revive South Africa’s economy, none are calling for prescribed assets to be used as a solution.

Campher said retirement funds would consider investing in well-structured viable infrastructure projects. This should not, however, be confused with pumping money into state-owned enterprises, he said.

While the government may still be considering ways to expand a regulation in the Pension Fund Act to ease barriers to infrastructure investment, this does not amount to prescription and is also not necessary, Campher said.

Moneyweb