Government Employees Pension Fund looks beyond SA
The GEPF has more than 93% of its assets invested in SA and while this is not necessarily wrong, the fund needs to better manage risk
16 July 2019 - 12:33
The Government Employees Pension Fund (GEPF) is planning to invest more of its R2-trillion under management outside the country and in unlisted assets to reduce risk of overexposure to locally traded companies.
The strategy was outlined by GEPF principal executive officer Abel Sithole to a commission of inquiry into allegations of wrongdoing and poor governance at the Public Investment Corporation (PIC), the fund’s biggest manager. The GEPF has more than 93% of its assets invested in SA and is a significant holder of SA government bonds and those of state-owned entities (SOEs), he said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.