Ebrahim Patel, the SA Minister for Economic Development said in an interview this week:
"... using retirement funds as a resource to drive growth and development did not mean the government would impose requirements on institutions. The proposal, supported by labour and retirement trustees in the past, had simply lacked "reliable instruments to invest in", he said.
One possible example was a green bond, created by a development finance institution, such as the Industrial Development Corporation, which could apportion a prudent amount of funds towards green economy initiatives.
"We can be prudent while we utilise a portion of the funds for growth and development investments."
Expect to see more about environmental theme bonds from SA in the coming year.
