NEWS ANALYSIS: Government pension fund denies responsibility for PIC’s failures
05 September 2019 - 05:04
The board of trustees of the Government Employees Pension Fund (GEPF) says it has not failed in its responsibility to look after the interests of its 1.7-million members and pensioners despite numerous revelations of impropriety emanating from the commission of inquiry into the Public Investment Corporation (PIC).
The GEPF entrusts the state-owned asset manager to directly and indirectly manage its entire R1.8-trillion fund, and accounts for about 88% of the funds the PIC manages...
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