The pension fund that looks after R2-trillion on behalf of government workers may shift hundreds of billions of rand offshore as it seeks to reduce its dependence on the local market. "The biggest change we want to realise is to be more diversified," Government Employees Pension Fund (GEPF) principal officer Abel Sithole said in an interview this week. The primary reason would be to look for returns uncorrelated to the fortunes of the country, he said. The fund hoped to put in place a new strategic asset allocation framework in coming months, he said. If you are already a subscriber, please click on the following link below to go to the full article: State pension fund may invest billions offshore If you would like to subscribe to BusinessLIVE Premium  to read the full story, please click here.

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.