Exposure to SA economy slows GEPF investment growth
The Government Employees Pension Fund portfolio has only grown by 0.88% during 2019
05 December 2019 - 14:42
The continent’s largest pension fund has seen the growth of its investment portfolio grind to a halt for the financial year, because of its exposure to the SA economy.
The Government Employees Pension Fund (GEPF) published its annual report for the year ending March 2019 in Johannesburg on Thursday, which showed that its portfolio only grew by 0.88% to R1.818bn during the year as poor returns from the JSE weighed on its equity. ..
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