No straight answer from Ramaphosa on prescribed assets

bignewsnetwork.com

- bignewsnetwork.com | 4 months ago

23rd August 2019, 04:13 GMT+10President Cyril Ramaphosa has not said outright whether he supports the prescription of assets - but he has said government will pursue policies in the interests of South Africans, and pension fund holders.

The president was answering questions before the National Assembly on Thursday afternoon. DA leader Mmusi Maimane asked whether Ramaphosa supports the prescription of assets - a policy which involves local pension and asset funds being invested in state-owned companies or infrastructure for development purposes.

The ANC, in its 2019 manifesto, said it would investigate the prescription of assets.

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