South African Institutional Investments – Whose Money Is It Anyway?

Description

South African workers depend heavily on the successful operation of their occupational retirement funds for their well-being in old age. Total assets in these funds have accumulated to some three-quarters of annual GDP and they form the largest set of institutional investors in the country. This discussion document describes the operation of this part of the institutional investment market and identifies a number of areas in which, it would seem, the interests of service providers and the owners of capital are not in complete alignment.