FINQUESTION OF THE WEEK
Should Government go ahead with its proposal to reform the social security and retirement systems?
IT’S both bold and ambitious. Metropolitan is supportive of the concept, particularly because the plan actively promotes savings, an issue that’s an economic priority for the country as well as an imperative for all its citizens.
PETER DOYLE group chief executive at Metropolitan
IT’LL be extremely useful as long as it’s not used as ideological baggage that comes with it, simply because we need to improve savings and balance the position of individuals. It’ll add more resources to the country to invest in infrastructure.
CHRIS HART economic strategist at Absa Capital
THE DA agrees with the need for the social security and retirement reforms but would like an extensive roll to be allocated to the private sector vis-à-vis the administration of the relevant funds and tions.” underpinning of asset alloca-
IAN DAVIDSON DA spokesperson
YES government should go ahead with its social security and retirement systems reform, but we need a negotiated settlement. If not negotiated, the new system isn’t going to work.
STEVEN FRIEDMAN independent political analyst