Market Indicators
- JSE All Share (ALSI) 55,237.67
- Rand/Euro R 16.68
- Rand/Pound R 18.46
- Rand/US Dollar R 15.18
- Rand/Aus Dollar R 10.22
Prescribed Assets
South African investors have had to deal with numerous politically-induced events which have materially impacted investment returns of late. The latest event is the concept of ‘Prescribed Assets’, whereby retirement investors are compelled to invest a portion of their retirement savings into assets approved by the government, typically to support SOE funding and growth initiatives.
This month’s article steps through the cause and effect of such a policy and how it could impact investors.
