Investors Urge South Africa to Leave Their $163 Billion Savings
- South Africa’s 2.4 trillion rand ($163 billion) savings industry has a request for the ruling party: stop with threats of dictating where funds must invest and get going on projects that pensions can help finance. “You can prescribe, but nothing will happen unless you have proper projects,” Leon Campher, the chief executive officer of the Association for Savings and Investment South Africa, an industry body of fund managers and insurers, said in an interview in Johannesburg. “The savings industry would gladly invest in infrastructure or ...
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