The ANC’s plan to use South African pensions
The ANC’s Economic Transformation Committee has published a new proposal document which includes planned changes to how pension funds will work in South Africa.
The document indicates that the use of pension funds will be key to helping the government address funding shortfalls in areas such as infrastructure development and energy production.
To achieve this, the ANC proposes changing regulation 28 of the Pension Funds Act to boost the funding of infrastructure projects spearheaded by state development finance institutions (DFIs) using private capital.
