NSL focussing on cash returns

 NAMBAWAN Super Limited (NSL) says it has taken measures to protect members’ funds from the economic challenge faced by the country.

NSL chairman Anthony Smare said the super fund had been able to make a change in its strategy from having more valuations in properties and unlisted equities to getting cash returns from rental properties. That had helped in moving the fund forward and bringing in more value for its members, despite challenges in the economy.

“About two years ago, we started to shift from unrealised gains, which are increases in valuations of property and unlisted equities that you can’t access in cash and we made the transition to realised gains,” Smare said.

“So we are really focusing on actual cash returns like dividends and rental from properties. 

“In layman’s terms, we’ve shifted from paper profits to real cash and that’s something we have put in place and we started transition, keeping in mind that we’ve haven’t had a recession for 10 years.

“And now we are starting to see some of the negative growth and we see that we are starting to get the benefits of our change in strategy.”

Smare added that the fund was committed to assisting the Government with the challenges faced. He said any request from Government would be evaluated against its obligation to members.

“We have to ensure our members’ funds are protected and that if we do lend any money to the Government that it’s done on a basis that it protects and grows the investments of members.”