Moral Precepts For Fund Management And The Property Sector

Breaking out of old-order prescripts for pension funds is imperative if we want to change its real-asset landscape.

- Donald Molema

Nonofo Kgoroeadira is a newly-qualified actuary who was recently re-enthused into the investment industry by a chance encounter with her high school friend, Ludwig Magadla. She had always thought her friend was “awfully smart”, but “too edgy” and “reading too much into things”. The two had an opportunity to touch base at the funeral of Ludwig’s uncle in Alexandra township, a former PAC APLA military wing general who had succumbed to Covid-19-related illness. There are few better opportunities for re-anchoring such as the death of a loved one under the circumstances such as in Alexandra: the hypocrisy of social distancing in an urban concentration camp; the evidence of the erosion of fiscal governance by the ruling party, its subversion to self-enrichment and the preeminence of oiling of party machinery. A 21 “One Settler One Bullet” gun salute was delivered in a community that is set to endure a 50% to 60% unemployment rate among young people.