Pension funds reject investment in Eskom

16 January 2019

Pension fund managers have drawn a line in the sand when it comes to government investments.The managers said they will oppose any move to force investment in state-owned companies.

The ANC announced in its 2019 Election Manifesto that it will investigate ways of using portions of pension funds for socially productive investments.

Fund managers warn the move could erode the value of pension funds. Cannon Asset Chief Investments officer Adrian Saville said it is a hard case to make for Eskom as an asset in its current state.
 

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Source: 
eNCA

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