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Werksmans growing

07 June 2005 Vicky Bunyan

David Hertz has been appointed as head of Litigation at Werksmans Attorneys.

Werksmans is one of the largest law firms in Africa, with a total of 48 Dir ectors.

Quick Polls

QUESTION

The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?

ANSWER

Infrastructure? You mean cash returns with higher risk!?!
Infrastructure cap is way too high
Offshore limit still needs to be raised
Who cares… Reg 28 does not apply to discretionary savings
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