A number that will be central to our topic tonight is R6 trillion, which is prescribed assets. That’s roughly the amount invested in pension, retirement, investment and life insurance funds in South Africa.
And there are rising fears that this could become South Africa’s bailout. That retirement funds could be forced to invest in struggling State-Owned Entities like Eskom. To the detriment of pensioners.
South Africans don’t save enough in the first place. But according to economist Mike Schussler, there are about 17 million retirement accounts in South Africa. To discuss we’re joined by the chief executive officer of Alexander Forbes, Dawie de Villiers.
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