Google
RSS Feeds RSS | Views on ITInews | contact | terms of use | privacy 
 


Editorial Categories:

FINANCIAL SERVICES
ADVISERS & BROKERS
BANKING & BONDS
BUSINESS MANAGEMENT
COLUMNISTS
CONSUMER AFFAIRS
CRIME & FRAUD
ECONOMY & GLOBAL
EDUCATION & TRAINING
ESTATES & WILLS
HEALTHCARE INSURANCE
INDUSTRY & LEGISLATION
INSURANCE
INVESTING
LEGAL AFFAIRS
LIABILITY INSURANCE
LIFE INSURANCE
MARKETING
PEOPLE & COMPANIES
POLITICS
PROPERTY
RETIREMENT PROVISION
REVIEWS
ROAD ACCIDENT FUND
SHARES & UNIT TRUSTS
SHORT-TERM INSURANCE
TAXATION
TECHNOLOGY
VIEWS & LETTERS


Forthcoming Events:

No Upcoming Events


Available Recruitment:

No Vacancies Listed...


Save by getting insurance quotes


Your Editor, Brent WilsonInforming Consumers and Financial Advisors since 1988 | Click Here to Advertise
Car, household, life and business insurance quotes
Press Offices > Associations

Association for Savings and Investment South Africa
Press Office Feature : Business welcomes Gordhan’s appointment; demands vigorous pursuit of Public Private Partnerships

Company: Association for Savings and Investment South Africa
Author:Edited by ITInews
Email:[email protected]
Posted:15 Dec 2015

 Email this article Comment on this Article  Print this article

Urges Government to ensure the consistent deployment of competent individuals

The Association for Savings and Investment South Africa (ASISA) and its members, who hold assets under management of around R8.5 trillion, remain committed to partnering with Government on building a resilient economy and a better life for all South Africans as requested by Finance Minister Pravin Gordhan yesterday.

We do, however, urge Government to ensure the consistent deployment of competent individuals to key Ministries and State Owned Enterprises as well as proper governance within these institutions.

This will achieve the efficient management of state resources and the Government machinery to enable much needed private sector investment for growth.

This is also key in strengthening the confidence of local and foreign investors to partner with Government in funding infrastructure investments.
 
ASISA is relieved therefore that the critically important Finance Ministry has been returned to an individual with the pre-requisite experience to lead a complex economy like ours.

Minister Gordhan is trusted and well respected by business as well as local and international investors for his consistency and fiscal prudence.

We believe his appointment will restore some confidence to the markets.
 
As the savings and investment industry we are comforted by Minister Gordhan’s commitment yesterday that sound fiscal management would remain firmly entrenched and that Government would continue the fiscal consolidation process in an effort to stabilise debt.
 
However, we call on the President and all the economic cluster ministries to support the Treasury’s efforts and speak with one voice on the matters pertaining to this policy framework on management of the economy.

A clear and stable policy framework is critical in giving confidence to the private sector.
 
For the deployment of private sector capital to be effective we need policy certainty, meaning that the events of the past week can never be repeated.

The truth is that capital goes where it is treated well and not necessarily where it is needed.
 
As a significant stakeholder from the private sector, which as pointed out by Minister Gordhan is one of the strengths of our country and holds 80% of our economy, we are pleased that Government intends to intensify cooperation and partnerships with the private sector to achieve higher growth rates.

The reality is that growth cannot be funded by debt alone. Much needed infrastructure development, for example, if financed within a well-structured Public Private Partnership would take the strain off the fiscus as well as the balance sheets of the State Owned Enterprises.
 
As an industry we remain supportive of and aligned to the National Development Plan (NDP) as South Africa’s best chance of achieving the higher economic growth rates necessary to reduce poverty, unemployment and inequality.

We believe that Public Private Partnerships must be pursued vigorously in order to jointly deliver on the NDP in an environment of trust and mutual respect.

Comments:
There are no comments at this stage. Be the first to comment!
Please Login To Comment On an Article - Click here To Login

ITInews invites comments at the foot of each of its articles in which readers can respond freely - anonymously if they wish - to various topical issues and industry debates. However, comments submitted by readers that are defamatory or deemed, by the editors, to be racist or obscene will be deleted from the database. Furthermore, ITInews's editor would like to caution potential posters on its websites that while it welcomes robust debate, it will not hesitate to make the IP addresses of the authors of such defamatory statements available to the authorities, in the event of a court order compelling them to do so.



Get car, home, life and business insurance quotes in 3 easy steps


Association for Savings and Investment South Africa


Join us today

More from Association for Savings and Investment South Africa
Sluggish economy one of the beneficiaries of life industry’s R412.2 billion payout in 2015
Many policyholders resorted to surrendering their savings policies to access much needed cash
Newly regulated hedge fund industry delivers strong growth in 2015
Hedge funds are designed to outperform the markets during times of extreme volatility
Meaningful cost comparison across investment products introduced
All charges that an investor will incur must be included in the EAC measure
Life insurance fraud and dishonesty reaches record highs in 2014
Unfortunately dishonesty and fraud tend to increase when economic conditions are tough
Local unit trusts reach major milestone with 50th anniversary
It is the time in the market that will get you the returns you want and not timing the market
Building a financial legacy as a teen in three steps
South Africans are among the biggest borrowers in the world
Dialogue is not going to prompt consumers to save more
We are dealing with an ingrained culture of conspicuous consumption
ASISA takes issue with Morningstar rating for South Africa
Reputational damage to the South African Collective Investment Schemes
SA life insurers inject record R345 billion into economy through benefit payments
A decrease in the growth of risk policies is of grave concern
Fundisa education fund declares bonus of R6.9 million in 2014
Fundisa is available from Standard Bank, Nedgroup Investments, and ABSA

Join ITInews in supporting Helpnet.org.za

Archived Articles featuring this company ...


Insurance Quotes


Car Insurance Quotes
Household Insurance Quotes
Business Insurance Quotes
Funeral Insurance Quotes
Life Insurance Quotes

Read the InsuranceQuotes Blog
ITM Website Design Cape Town
Copyright © 2005 - 2015 ITInews Online Publications (Pty) Ltd. All rights reserved Insurance Times & Investments Online and ITInews. ..::ISSN 1995-1256::.. No part of the materials including graphics or logos, available in this Web site may be copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable form, in whole or in part, without specific permission from ITInews Online Publications (Pty) Ltd. Distribution for commercial purposes is prohibited.