Bankrupt government entities: ANC to now target pensions

Die Vryburger

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Bankrupt government entities: ANC to now target pensions
Bankrupt government entities: ANC to now target pensions

The economic “experts” within the ANC once again reaffirmed the party’s desire to use private and public pension funds to try to save bankrupt government entities.

Enoch Godongwana, head of the ANC’s economic transformation subcommittee, says the asset management industry sits at R6 trillion. This includes pension funds, insurers and other investors and the state should borrow this money as it is a better option than asking the International Monetary Fund for a lifeline.

He does not mention how the money will be paid back.

Read the original article in Afrikaans on Die Vryburger

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