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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now