Editor's Thoughts.

The Q3 issue of Pensions World SA is now live, with a special feature on global pensions, savings and investments, and a spotlight supplement on the PRI-Krutham Responsible Investment in South Africa report. This issue lands at a time when economic resilience, long-term security and trust in institutions are all being tested. Now I could link that to the central message from Federal Reserve Chair Kevin Warsh’s first Jackson Hole address this past Friday: (bottom line) innovation may reshape economies and policy, but credible institutions must remain purposeful in delivering stable prices and sustainable prosperity.

But let’s reference a global something something far more current on socials right now. Saturday’s extraordinary low fly-by  over Cape Town Stadium - 12.5 to 14m’s – was either a great display of precision, judgement and credibility, or a lucky near-miss. Mmm, global pensions, savings and investments much?

Let’s zone in on credibility for a moment. In his article today, Leon Greyling (ICTS Partners) argues that an FSP license is not a “hunting license”, but a public trust. The FSCA’s 18 year debarment of former Regiments Capital principals Eric Wood and Niven Pillay, following its investigation into conduct linked to State Capture-era arrangements and fit-and-proper concerns, shows the cost of treating financial services authorisation as a license for extraction rather than stewardship.

And on investments, Johann Els (PSG Financial Services) offers an optimistic perspective on South Africa’s trajectory, arguing that gradual reforms, growing private sector participation and improving policy credibility are reshaping the country’s longer term growth potential.

In a world where Lake Ontario can (and evidently has) been renamed “Lake America” by you-know-who, one lesson remains clear: names and headlines may change, but responsible leadership, trust and good judgement endure. Let’s remember that as we steward other peoples’ money.

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