@NolwAzi_Tusini@1RadioFan A pension fund has to invest money. It can make money, but it can also lose money. Overall, the intention is to make a return. The majority of investable assets are in the private sector. So PIC has no choice here. Otherwise workers won’t have enough to retire
@NolwAzi_Tusini@1RadioFan As opposed to the PIC investing in assets that provide low risk adjusted returns. This would put the retirement plans of public workers in serious jeopardy
@kgeremolla@KhandaniM@Khuze_Elikhulu Of course Cosatu has influence. It’s their money after all. However, it’s not Monopoly money that can just be thrown into unviable projects. Cosatu workers will need those funds in the future for retirement. So it’s prudent to invest in companies with strong track records.