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To deny that asset prescription is on the table is either naive, ignorant or disingenuous, the Institute of Race Relations (IRR) said today in response to a statement by the Association for Savings and Investment South Africa (ASISA).
Prescribed assets for retirement funds have been discussed extensively as a potential source of funding for state-owned entity (SOE) debt as well as the country’s developmental imperatives. This raises concerns about the possible implications for investment outcomes of more than 16 million members of South African retirement funds.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?