FINQUES­TION OF THE WEEK

Should Gov­ern­ment go ahead with its pro­posal to re­form the so­cial se­cu­rity and re­tire­ment sys­tems?

Finweek English Edition - - Openers -

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

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