Investment in manufacturing will grow pensions, jobs
South Africa’s faltering manufacturing industry can create employment and raise exports, providing a much-needed boost to the economy that will ensure sustainable returns for retirement funds
South Africa is trapped in a low-growth loop, which would ordinarily make it challenging for institutional investors such as retirement funds to generate enough returns to grow their assets and adequately meet the needs of their clients when they go on pension. The saving grace thus far has been larger constituents on the local bourse tending to have more offshore exposure. Nonetheless, this untenable situation of low economic growth must be urgently addressed...
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