The potential consequences of prescribed assets

The ANC’s election manifesto says it intends to investigate prescribed assets to fund social and economic development.This has prompted criticism with the Helen Suzman Foundation saying that the move would have a "very real negative impact" on South Africa's economy.

Alexander Forbes agrees saying the company "is opposed to any regulation, including prescription, that could lead to sub-optimal investment outcomes for investors, in particular members of retirement funds where fiduciary duty requires that members’ benefits be safeguarded and grown.”

Business Day TV sat down with Alexander Forbes' Head of Alternative Investments David Moore to discuss this in more detail.
Loading player...