PPP reforms could avert need for prescribed-assets policy to increase private infrastructure …

National Treasury director-general Dr Duncan Pieterse says the reforms being proposed to facilitate greater private sector investment into infrastructure could obviate the need to introduce a policy of ‘prescribed assets’, whereby pension funds would be required to direct a specified level of resources towards government-selected assets. Pieterse made the statement in response to a question posed during a virtual event hosted by PSG regarding government’s position on prescribed assets, which the governing African National Congress has included in its election manifesto as an instrument it could consider introducing to stimulate infrastructure investment and industrialisation.